Short sellers and profit takers came in today and pushed price down. We should see Softbank purchase more shares today, give share price a little boost today or tomorrow..
Their buyback plan will get them an increase of +5% ownership to 85%, while decreasing the float by -25% to about 600 million from 800 million. Softbank isn't operating on cash infusion stimulant plan, they have a purpose.
A. Decrease the float by 25% - putting pressure on shorters and increase share price.
B. Purchase stocks to use for acquisition when price goes up- acquisition would be attractive to investors as to continue to increase share price.
OR
C. Go private
They will not see this company fail...Do not short this stock...IMO
I have listened to Jim Cramer (Mad Money) and when he covers Sprint..he will show it in the back drop while talking down other investments..or when asked directly by a caller, give a one sentence answer... "Dont Like it" or "Havent liked it since new team"... Jim Cramer is so far up John Leger @&& he is leading his sheep to miss out on a great opportunity. IMSO
I myself didnt think much of the Sprint CEO a couple months ago, but the tides have changed and Softbank has spoken, "We will be successful."
