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Old 10-17-2012, 09:34 AM
Griffoun Griffoun is offline
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Quote:
Originally Posted by former230 View Post
Ahh, makes perfect sense, that's the piece I overlooked. Thanks!
Softbank values Sprint at $6.3 per David Faber, here's the explanation

Now as to why it's not trading at 6.5 or 7.3, there're many explanation, but the bear analyst interviewed by CNBC, who still has a $3 target price on Sprint, says the market values the shares outstanding after the deal at much less, hence the current stock price. To me, that's BS.

Here's a better explanation, just like beewang and me wanted to cash out.

So at the end of the day, there's still a sizable factor of how much the market values the rest of the Sprint, and the uncertainty of whether the investment can get US' approval, and how Softbank and Sprint are going to deal with Clearwire (if they'll overpay in order to gain full control)
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