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Self - Made
It is February and in honor of Black History Month I want to take a moment to pay my respects to Madame C.J. Walker. In movies and music, we often boast about being the next Tony Montana or Jay Z hustlin' our way from rag to riches. But the reality is more people would be better off following in the footsteps of Madame C.J. Walker. A woman with an amazing work ethic, she went on to be the first -- let me repeat myself -- the first woman in the US to be a self-made millionaire (no handouts). She was an inventor, businesswoman, and philanthropist, so I can just hope to reach 2 outta 3 on that list.
My path to being self-made may take a different road but I challenge myself often by asking why not me. To quote the great Fat Joe, "Nothin' Can Stop Me I'm All The Way Up". But back to the lecture at hand. My goal is to continue Sprinting to greatness...and yesterday I was elated when I saw in my Google news feed that the merger between Sprint Corp. and T-Mobile would finally be approved. It was one of those moments when you say, "How did Google know I was interested in News About Sprint?"...then I read the headline, screamed for joy, reached out to family and friends and realized I'd deal with Google on another day. Why - Because Sprint Corp. was up over 75% for the day thanks to the judge's final ruling on the merger with T-Mobile. Sprint has my 2020 portfolio and retirement gains literally off to the races.
I guess the feeling is similar to a poker player pushing in a large amount of chips. It's agony waiting for the final card to flip over but when it hits and you realized your hand is the best -- the rush is like none other. I laid out the bread crumbs over the course of the last year, here is a quick recap of how Sprint put me in the limelight because I trade tight...time to get paid blow up like my last trade:
In May 2019 I wrote the following: And Sprint (S), Sprint keeps getting offers to play overseas for T-Mobile but the FTC (like the stock version of the NBA Commissioner) is telling me that the deal is unfair. Funny he doesn't say that to Verizon or AT&T the biggest cell phone carriers. Let a player get his money Commish?!?! Approve the deal and let me bask in the glory of my draft pick prowess.
December 25, 2019, I followed up and said: Final Summary -- So even though I empathize with the states, it would look bad if the Sprint deal falls apart only to have that company FAIL in a few years. That also would result in the industry consolidating to 3 major players and the same concerns return over customer pricing. I've made a small bet once again on Sprint that this deals get done in the New Year.
December 31, 2019, you caught me saying: Sprint (S) - Played options very well (now letting the profits ride on T-Mobile deal approval will be biggest gain if hits)
But I was most proud of the detailed analysis I shared back in July of 2019. I told you to follow the money. Like a budding NCIS agent looking for clues, I laid out ALL the evidence in a detailed post:
The contrarian in me points out two simple facts: 1) Capitalism - the deal gets done b/c a lot of people stand to make a ton of money (it is convenient Sprint's commercials say they are doing well, but the Execs say the business is declining). I do not usually have time to listen to quarterly conference calls but I found it MORE interesting that Sprint executives have been putting their houses on the market since the end of last year. How about the fact that the Corporate Office has already been sold. 👀 Strange this has all happened and the deal is NOT even complete as of this post. 2) Less Choice - Prices have been declining ever since T-Mobile took the American wireless industry by storm with good ole "competition". So you go with the contrarian view that Verizon, AT&T, and the market has had enough of its decline in revenue due to T-Mobile's entrance and the smart investment is for them to buy Sprint. The only thing is how do you sell it to the public. 😇 Well, the Department of Justice (DOJ) has supposedly negotiated a deal for T-Mobile to sell excess spectrum to another party to create a new 4th major wireless carrier. Wait for it...who can't wait to buy cell phone service from Dish Network 💪💪
Urb Lesson of the Day: Everything and everyone has layers. Take time to peel those layers and get to the obvious truths in life. I traded Sprint multiple times in the last 7+ months and tomorrow's announcement will eventually lead to the closure of my outstanding trades. Disclosure: I own Sprint (S) and by trading from the bottom up...I followed everyday clues hidden in plain site to reduce my risk on what some called the "unlikeliest" deal to get done.
Executives Sell Mansions Before the Sprint Deal is Done: Follow the Mansion Money
#followthemoney #datadriventrades #investandchill
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