Quote:
Originally Posted by Sieg
Greg,
Since I'm close to pulling the trigger on T is the first of the week traditionally a good time to buy in?
Sprint at $2.19 today.........short-term opportunity?
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Went back to make sure I hadn't said anything too "off" -- and this got me to thinking about the "short term" Sprint question.
Think about this... and I'm just tossing this out there as a way of thinking rather than sitting down and doing all the math required etc.
A $2.15 stock.... Hold that thought -- AT&T pays a dividend of .44 per quarter -- so they pay you $1.76 per share per year in income.... so in 5 stinky quarters you'd have made in dividends what the cost of the Sprint shares were. By the 6th quarter (one and a half short years) you're ahead of the game... and you didn't have do to a thing.
One is "sure money" - the other is a gamble... If it's in my IRA/401K -- I'll take the sure money. If I have spare money or just some "what the hell" money - then the Sprint play (pick a name here) can be entertaining and some times you'll make a couple bucks.