We believe Sprint’s fate hinges on the success of the T-Mobile merger.
Sprint reported first fiscal-quarter results that were roughly in line with our expectations, and we expect to maintain our $6.40 fair value estimate and no-moat rating. Although the stock trades below our fair value estimate, which is based on a 50% probability of a deal with T-Mobile US closing, we would prefer a larger margin of safety before investing because of the risk of a deal not occurring. Reported revenue declined 0.4% year over year, spot on with our full-year projection. Sprint adde...Sprint is a holding company. Through its subsidiaries, the company is a communications company providing wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers. The company has two segments: Wireless, which provides wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale basis, including the sale of wireless services that utilize the company's network but are sold under the wholesaler's brand; and Wireline, which provides a suite of wireline communication services to other communications companies and targeted business customers, as well as voice, data and internet protocol communication services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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