$S The Best Cheap Stocks to Buy for $10 or Less:
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Posted On: 05/05/2017 2:10:30 PM
$S The Best Cheap Stocks to Buy for $10 or Less: Sprint (S)
Stock Price: ~$8.90
Just a few months ago, it looked like Sprint Corp (NYSE:S) would be off this list — for good. Sprint stock cleared $9 in January after quadrupling from February 2016 lows.
But Sprint has pulled back, providing an opportunity to investors who missed the first part of this stock’s bull run.
Sprint’s spectrum has improved its balance sheet and lowered interest, through the innovative issuance of spectrum-backed bonds. Several expert estimates suggest that Sprint’s spectrum fully supports the value of Sprint stock, leaving the operating business for free.
There are some broader concerns about the industry, with rival Verizon Communications Inc. (NYSE:VZ) losing customers for the first time in its history in the quarter. But some of the lost customers went to Sprint and T-Mobile US Inc (NASDAQ:TMUS).
And with a Sprint-T-Mobile merger still very much in play, there are a number of paths to upside for Sprint stock.
Stock Price: ~$8.90
Just a few months ago, it looked like Sprint Corp (NYSE:S) would be off this list — for good. Sprint stock cleared $9 in January after quadrupling from February 2016 lows.
But Sprint has pulled back, providing an opportunity to investors who missed the first part of this stock’s bull run.
Sprint’s spectrum has improved its balance sheet and lowered interest, through the innovative issuance of spectrum-backed bonds. Several expert estimates suggest that Sprint’s spectrum fully supports the value of Sprint stock, leaving the operating business for free.
There are some broader concerns about the industry, with rival Verizon Communications Inc. (NYSE:VZ) losing customers for the first time in its history in the quarter. But some of the lost customers went to Sprint and T-Mobile US Inc (NASDAQ:TMUS).
And with a Sprint-T-Mobile merger still very much in play, there are a number of paths to upside for Sprint stock.
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