Sprint and New Sprint, Symbol "S"

[billyjoe]

I bought a lot of S in March and again in June . I made no choice as to what option I'd go with after the acquisition by softbank. Apparently the new Sprint paid cash for around 75% of my shares and gave me 25% in new Sprint stock. My online brokerage site showed the current shares as a 72% loss. Under closed positions it listed the sold shares as a cash transaction with no gain or loss. I called , they said the current holdings would be corrected. It finally happened this week. Sold shares were +27.95% and new shares are +10.34%. Here's Cramers take http://www.cnbc.com/id/100907889 . One reason I bought was the interesting background of softbank's founder. This guy is a real inspiration and the headquarters remains in the U.S. He was educated here and probably didn't like the treatment he received in Japan and Korea. His story : http://masayoshison.crazybillionaire...sayoshison.php

----------------------billy

[billyjoe]

I liked the story of Masayoshi Son, bought into Sprint and it has paid off. Sold everything yesterday and bought VOD with its awesome div. and European exposure.

Final results on Old Sprint---Mrs.billy +5.43% New Sprint +19.17%, billy Old Sprint +24.7% New Sprint +19.89%


-------------------billy