Sprint (S) Rises Aloft On Wild Rumors

Telecom & Wireless

Published: August 7, 2008 2:43 pm

Last Updated: April 28, 2020 5:23 am

95129c Sprint (S) has traded about ten times its normal volume with over 261 million shares changing hands. The market is ablaze with rumors that the cellular carrier will cancel its plan to raise $3 billion in the open market and take the money from Korean company SK Telecom instead. SK has been trying to get in the front door at Sprint for over a year.

There is no reason to believe that shareholders will get diluted any less if the money comes in as a convertible sold to the public or as a direct investment from SK.

It is a nice way from people to get sucked in at a relatively high price only to see the stock drop later.

Douglas A. McIntyre

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.