Sprint Nextel Is a Financial Black Hole

Check out some of these numbers on Sprint Nextel ($S):

Year Sales EBIT Depreciation Total Net Income EPS
2001 $25,562 -$2,350 $4,576 -$1,599 -$1.16
2002 $26,679 $401 $4,890 $451 $0.32
2003 $26,197 -$504 $4,973 -$292 -$0.21
2004 $21,647 -$3,244 $3,658 -$2,006 -$1.40
2005 $28,771 $1,291 $5,200 $821 $0.40
2006 $41,003 $1,483 $9,592 $995 $0.33
2007 $40,146 -$29,775 $8,933 -$29,444 -$10.24
2008 $35,635 -$4,060 $8,407 -$2,796 -$0.98
2009 $32,260 -$3,494 $7,416 -$2,436 -$0.84
2010 $32,563 -$3,299 $6,248 -$3,465 -$1.16

The company is a money-losing machine. Wall Street expects Sprint to lose another 80 cents per share this year and 59 cents per share next year.

Posted by on March 29th, 2011 at 1:31 pm


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