Portfolio of PAF on 4NOV09
VZ 15,010
T 1,210
BCE 2,200
S 2,000
Q 500
DT 100
total share-wealth-units last reported which was 3NOV09 was 18,690
total share-wealth-units today 18,970 (where
Q and S shares count as 1/5 of a unit; where
DT shares count as 1/2 unit.)
realestate land 3APR03 of 3 lots $19,000.
realestate land 30JUL03 another lot $11,500.
realestate land Sept05 another lot $75,000.
With some excess dividend cash I decided to buy 1400 more shares of
Sprint
at a price of $2.95 apiece, making my total number invested in S at
2000
shares.
Sprint has three big good things going for it which I feel has been
undervalued
by the investment community. It is the third largest USA wireless with
about
48 million subscribers. Secondly, it is out in front of both Verizon
and AT&T
in terms of 4G by about 2 years advance with its WiMax and its
superior
speed, coupled with the joining with Google's Android launch. Thirdly,
it can always put the company up for sale, but why do that when you
are
ahead in technology over the competitors.
The problems with S over the past years has been that the USA seems to
have room for only two large competitors, not three. So Sprint has to
form a niche as the third largest and the best way to fill that niche
of third
largest without selling the company outright to AT&T or VZ, is to be
technologically
ahead of both AT&T and VZ. So far, Sprint is ahead of the competition
by
two years. And if Sprint wants to prosper, it must always be out in
front
and ahead in technology.
But if I were the CEO of Sprint, I would do both plans simultaneously:
(1) stay out in front of T and VZ (2) and behind the scenes be
negotiating
to sell S to T or VZ at a hefty premium.
Archimedes Plutonium
www.iw.net/~a_plutonium
whole entire Universe is just one big atom
where dots of the electron-dot-cloud are galaxies
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