Topic: How To Invest

Hi: I have been buying some Sprint following the upward trend. There is talk of good things to come. What is your take on Sprint? I am really enjoying being in the Inner Circle and hold many of your recommendations. Thanks.

Article Excerpt

Sprint Nextel, $5.70, symbol S on New York (Shares outstanding: 3.0 billion; Market cap: $17.1 billion; www.sprint.com), offers a wide range of wireless and wireline communications products and services. The company’s clients include individuals, businesses, governments and resellers. It has subscribers in all 50 states, Puerto Rico and the U.S. Virgin Islands. Sprint continues to benefit from the Apple iPhone, which the company launched on its network earlier this year. In the first quarter of 2012, it sold over 1.5 million iPhones. Of that total, 44% were new customers for Sprint. The company now has over 56 million subscribers, and almost 70% have smartphones. That’s a big plus for Sprint, because smartphones generate significantly higher revenue per customer than regular cellphones. The company’s earnings are being held back in the short term because of its heavy spending on a new high-speed 4G LTE network that should be around 25 times faster than its current 3G network. Sprint is catching up to competitors Verizon…