This is exactly why we sold whatever Sprint (S) stock that we owned at T&T Capital Management. Management has been disastrous for years. They have some of the worst capital allocation that I have ever seen so even though the stock is cheap, unless something drastically changes I wouldn’t invest in them.
http://online.wsj.com/article/SB10001424052702303816504577306053212343154.html?mod=business_newsreel
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.