Sprint Nextel Corporation (S) Looks Good Despite Being in the Hotseat

Page 1 of 2

I cannot believe the run Sprint Nextel Corporation (NYSE:S) has had. It is at $7 now, and it seems like just a few months ago it was at $3. Oh, it actually was. Monumental gains behind us, Sprint Nextel Corporation (NYSE:S) is probably not done yet. I think mobile is heading into a rough transition, because it feels like things are finally settling down. People also seem to be getting irked by nickel and dime services.

Sprint Nextel Corporation (NYSE:S)

Sprint is turning around

The Sprint Nextel Corporation (NYSE:S) subscriber numbers are pretty impressive. Forty-three percent of 1.5 million iPhone activations were completely new to Sprint Nextel Corporation (NYSE:S). The company is also recapturing a good number of customers from the Nextel network that is being shut down. It is also ahead in its LTE deployment with more sites online than targeted. The number of under construction sites is staggering compared to what is already completed, and Sprint Nextel Corporation (NYSE:S) is being very aggressive about its deployment. There is already 4G LTE in 88 cities but another 600 are in various states of construction, and in the next few months, another 170 cities will be coming online. The next few months should see Sprint Nextel Corporation (NYSE:S)’s LTE footprint double.

The strategy is a sound one. While its footprint might not be as broad as Verizon Communications Inc. (NYSE:VZ)‘s , it is in the most important spots. I could rehash earnings all day, but this information is available to you. We got no word on the flurry of transactions that the company has its finger in. The DISH offer has not really moved forward, Clearwire is still in the hotseat, but the SoftBank deal is getting closer. The potential bid war actually might hurt Sprint a little. The initial SoftBank deal would have put a lot of money on the balance sheet that can be used for upgrades, instead SoftBank has to offer investors more.

Sprint’s multi-year turnaround plan is in full swing, but it is still so much smaller than its rivals. The unlimited data plan is a good start, and is probably the most important feature of the company. Sprint is also spending more time on prepaid than its competition, and prepaid in general has been growing strongly through the Boost and Virgin brand. Sprint saw 18% YoY growth in prepaid.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!