Sprint’s Friday Fall

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Sprint (S) took a hard hit to end the week dropping to an unheard of 8.7 points and falling 24.81%. Good gracious, if that doesn’t hurt then I don’t know what does. Sprint usually fluctuates between 13 and 12 points making its giant nose dive today a big story. With the recent news that Sprint will cut 4000 jobs and close 125 stores competitors like Verizon are salivating. In percentage, Sprint will close 8% of its stores and cut 6.7% of its workforce.

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~ by isaacswallstreet on January 19, 2008.

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