CNN: Sprint stock keeps soaring!

[viber]

There are a few Sprint doom and gloomers, but the company is making some very smart moves and its showing when it comes to their stock price.

CNN did a piece on Sprint, and while not everything is peachy, Sprint is on a winning streak. Notice the coverage of Sprint getting ever closer to Google. The idea of an Google buyout might be boosting the stock price as well.

Sprint stock surging. Google alliance the reason? --The Buzz - May. 27, 2011

NEW YORK (CNNMoney) -- Sprint doesn't have the iPhone in its arsenal, like AT&T and Verizon.
Sprint doesn't have the star power of the Miami Heat's Dwayne Wade or the nameless hot chick in commercials, like T-Mobile

Heck, Sprint (S, Fortune 500) doesn't even have the annoying and borderline offensive (but apparently effective) Tech and Talk characters MetroPCS features in its bizarre TV spots.
No, Sprint's marketing campaign relies on CEO Dan Hesse walking around and touting the company's wireless service. Zzzzz.
But Sprint's stock is up nearly 40% this year and is trading close to a 52-week high. Meanwhile, shares of Verizon (VZ, Fortune 500) and A&T (T, Fortune 500) have both lagged the broader market in 2011.

 

[falconey]

I wouldn't trade on a company that is not increasing profits quarter over quarter just because of rumors. Might as well gamble on sports instead; pretty much the same thigng.

 

[ovrrdrive]

Rumors of a buyout almost always send a stock soaring. It's all part of the game.

A buyout seems almost eminent at this point but it's not most likely going to be google. Google wants to be a partner, not the owner.

 

[RoboMonkey]

Yea, same as last year. Hedgefunds got in last year around $3.40 now it's up around the $6 price target and they need to dump it.