Sprint Corp (fka S)

[YazM]

Heads up to everyone, READ: The carrier lowered its cash flow estimate, now forecasting it could be negative for the year. While in July Sprint said it expected positive free cash flow, it now sees a possibility of ending 2011 with between negative $200 million and positive $100 million in cash flow. Sprint negotiated a $150 million increase to its revolving credit facility to $2.24 billion, suggesting it may need more cash for its operations.
All three major credit-ratings firms have either cut or put the company on watch for a downgrade this month, saying the wireless carrier's plans to sell the iPhone and accelerate its network-upgrade project could hurt profits and key credit measures.

Dennis (in reply to your post), S does have good value at these levels but it's always better to get in cheaper than get in and then it drop another 1%, 2%, etc. I believe in the long run S will be good, but for now, I'm waiting it out until I see some support. If I owned shares I would have sold after I read a few articles in the morning and I could have bought back in at these levels if I wanted to and saved myself a lot of grief and money. Your playing it smart, we think alike.