Is Sprint a Value Investors Dream?
Last week, Sprint (NYSE: S) released earnings, and the story was the same as usual: high cash flow while customers slowly bled away. To be fair, Sprint showed a net gain in subscribers. However, valuable contract customers keep slipping away, and the company has to make up for it by adding more fickle prepaid subscribers that pay month to month. Sprint still lost 228,000 contract subscribers during the quarter. In this video, Fool.com analyst Eric Bleeker talks about Sprint’s efforts to stem the tide. While Sprint did report its best customer quarter in some time, it also comes at a time when both Verizon (NYSE: VZ) and AT&T (NYSE: T) reported extremely strong quarters themselves. Expensive data plans are boosting industry profitability across the board. However, Bleeker is still weary of Sprint as a long-term investment. The company’s acquisition of Nextel is a textbook case of acquisitions gone awry. Incompatible technologies led to extremely high integration costs, and Sprint strugg
