|From: bg19299 (Rep: 74) reply to TheNextGoogle||Date: 05/14/2018 11:36|
|Forum: Wall Street Pit - Msg #2733865 - List S msgs ||Thread #674009031 (Rec: 2) |
|Re: SEC should investigate the insider trading and hedge fund manipulation on ...|
From my perspective the earnings are borderline irrelevant at this point. Sprint is trading at a discount to the potential buyout price. The discount changes due to changing sentiments regarding certainty of the deal. If the deal does not go forward Sprint will drop lower. There has been a premium in the Sprint stock price for the future potential of the deal for a long time due to speculation. If it does not go through that premium will evaporate and there is legitimate concern Sprint can operate as a standalone entity in the future. The better earnings can improve that probability but the stock price would still be well below where it stands currently hence why the earnings are irrelevant. That's my take.
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