Should you rush to buy Sprint stock now?
1. SellPhones (unregistered)
I also heard yesterday they Sprint is changing the Return Policy from 30 days back to 14 days starting in October. Didn't VZW do the same this right before they lauch the iPhone? Does Apple somehow force Carries to a 14 policy so that people have less time to return their phone therfore cutting back the total amount of iPhones returned?
5. superguy (Posts: 259; Member since: 15 Jul 2011)
Of course, when AT&T and Verizon did this, they were absolutely evil and used as evidence of anticompetitive behavior. What say Sprint supporters over this?
Is this an example of Sprint's "innovation"?
8. Codename: Infamous (unregistered)
"Innovation", no its not they are doing whats already been done. Its a business apple is worldwide power. The people want the iphone with sprint service. Reducing the return policy to 14 is tragic as a result everyone who wants the iphone on Sprint win. Sprint existing customers wins and new customers no longer have to deal with AT&T or Verizon.
15. Phoneguy007 (Posts: 218; Member since: 02 Jun 2011)
you act as if sprint is a better company then vzw or att...
16. Phoneguy007 (Posts: 218; Member since: 02 Jun 2011)
att return policy is 30days no matter the phone
9. rwolf1984 (Posts: 517; Member since: 06 Jun 2009)
didnt hear about the change in the trial period...but ETF is going up to $350 and upgrade fee is increasing from $18 to $36
12. TheTrain (unregistered)
VZW changed it to 14 days but apple will not let the iPhone be returned to verizon. once you buy an iPhone you are stuck with it.
21. NeXoS (Posts: 277; Member since: 03 May 2011)
the iPhone was NOT a game changer for Verizon and it will NOT be a game changer for Sprint.
look back on earnings calls' numbers from when the iPhone was sold by Verizon. Verizon only added ~10-11% more iPhone sales.
it wasn't even close to the DOUBLE sales analysts were cheer leading.
2. remixfa (Posts: 13882; Member since: 19 Dec 2008)
I think the iphone will be good for long term growth. The trick is the merger. If the merger goes through its going to sink any growth they get because of the iphone and the purchase would have been pointless. If the merger is stopped (which i doubt) then you will see what you saw the other day with the DoJ suite... which is another jump in sprint stock.
My uneducated advice would be to buy it at the end of this month.. ride it through christmas IF they get the iphone, and then decide if u want to take the chance of the merger going through or not. if not.. dump it immediately after Q4 or as soon as u hear the merger is about to go through (though it will take a hit the moment that happens)
3. Victor.H (Posts: 323; Member since: 27 May 2011)
That's right, Verizon did it just before the iPhone launch, but it doesn't look like Apple's forcing carriers as AT&T still allows 30 days for returns afaik. Interesting, SellPhones, where did you hear about a change in Sprint's return policy? A link would be very welcome.
13. SellPhones (unregistered)
I cannot provide a link as it was via an email...possible date for new policy is Sunday 10-2-11. I'm sure the Playbook will have more info on it in the coming weeks since it is not "official" yet.
4. PimpStrong (Posts: 310; Member since: 25 Jul 2011)
Sprint peaked within the last 10 years at $26 a share. So no I won't invest my $3 to MAYBE turn it into $6
17. Hey Pimp (unregistered)
would you buy stock at 26 to turn it into 52?
19. Phonecall01 (Posts: 88; Member since: 02 Apr 2009)
I think it will jump a few bucks if the iphone hits. Might be a quick buck opp as a short term invest. But you'd have to sell as soon as jumps a couple bucks to be on the safe side. I guess just enough to by an iphone at full retail... :)
6. SuperAndroidEvo (Posts: 3394; Member since: 15 Apr 2011)
That is exactly right, buy now & by spring or summer sell to make some ok money. Sprint is 3rd by default. Both AT&T & Verizon are mammoth. To make real money with Sprint stock it would have to get just as big as AT&T or Verizon. I don't think 1 phone will make that happen. So Sprint is a risky purchase, but Nokia that might be some good buying though.
7. Codename: Infamous (unregistered)
DoJ and FCC have taken steps to block the merger, if their stance does not change then the merger will not happen. Congress will not intervene to promote the merger. Second at 3.50 a share is small price for an investment that has no where to go but up even if it is not a drastic increase. With the merger failing, a possible sprint iphone, the move to LTE, and the deal sprint made to allow roaming on its wimax equals increased revenue from several sources.
10. snowgator (Posts: 3015; Member since: 19 Jan 2011)
Totally agree. If you are in the stock market to make quick money, you are in the stock market to get ulcers as well. If you buy stock, you better be able to take a little ride until the LTE plans on Sprint are set in stone. That will take a while. Sell before that, and you miss your window of most return.
I am not sure if the merger getting approved really tanks Sprint stock. It might take a little hit at the announcement, but there will be no mass exodus from Sprint to the new AT&T, so why would it fall further? If there is an exodus the other way from T-Mo consumers who are not interested to be on AT&T's plans, it helps Sprint's stock- again, over time. I think it is a good investment for a decent return over a couple years time.
11. remixfa (Posts: 13882; Member since: 19 Dec 2008)
The FCC has done no such thing. The DoJ is an arm of Obama and was acting on his behalf and that has been discribed by other sources as accurate.. It also has NO say what so ever in the FCC's decision. It was nothing more than political posturing.
Unless the FCC can find concrete proof that the industry will fall to a duopoly and that will be bad, it HAS to allow the merger. They have to go on presented facts and evidence, not gut feelings.
That and ATT was caught bribing 90% of the people involved in the final vote at the FCC.
You still have (my guess) 85-95% chance of the merger happening.
14. downphoenix (Posts: 1987; Member since: 19 Jun 2010)
if the merger happens then the FCC has failed us as consumers.