Stocks: (S)(MOT)(INTC)
Someone on Wall St. must think SpintNextel is going to do better. Maybe it is the big 4G WiMax the company is going to roll out to power its broadband phones. The project is part of a technology backed by Intel, Motorola and Samsung.
Maybe Sprint’s stock is seen has having fallen enough to be a value. It traded at $26 in April and now only fetchs $19 on a good day.
December short interest in Sprint fell more than any other stock on the NYSE, down 11.4 million shares to 63.3 million.
Several analysts are willing to argue that the company’s stock is too cheap. Morningstar gives the company’s shares a "fair value" of $28 partly because it is a "partner of choice" for cable companies because it is not owned by one of the wireline phone companies.
A lot of investors don’t want to bet against that.
Douglas A. McIntyre can be reached at [email protected]. He does not own shares in companies that he writes about.
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.