Sprint Corp (fka S)

[klmill]

SoftBank Group President Nikesh Arora plans to buy about 60 billion yen ($483 million) of the company’s shares (Softbank), saying he wants to make a “personal bet” as a measure of his commitment.

I would say with all of the big money being thrown into sprint..There is something coming down the pipe and he just wants to make sure he gets his piece of the pie.

http://www.bloomberg.com/news/articles/2015-08-19/softbank-s-arora-to-buy-483-million-of-stock-as-personal-bet-

If you plan on shorting based on todays delcine in price, be careful the whole market is down due to China devaluing its currency again... Sprint will shake it off and today is going to be a prime day for buyback of shares...IMO