Sprint Nextel (S) Ticks Up on Einhorn Comments
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Shares of Sprint Nextel Corp. (NYSE: S) are ticking higher mid-day with David Einhorn making positive comments about the stock at today's Value Investing Congress.
He said it has been complicated trying to take on the iPhone. They still like the stock despite the heavy debt load as they think they can raise capital without diluting shareholders.
NOTE: This was not the disclosure of new stake by Einhorn. He has owned approx 56M shares for some time.
Shares of S are up 1.2 percent mid-day.
He said it has been complicated trying to take on the iPhone. They still like the stock despite the heavy debt load as they think they can raise capital without diluting shareholders.
NOTE: This was not the disclosure of new stake by Einhorn. He has owned approx 56M shares for some time.
Shares of S are up 1.2 percent mid-day.
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