| ?? Who the *bleep* is Craig Moffett ? |
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| Voodoo witch doctor of wall street |
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| More like the Captain Wrongway Peachfuzz of wall street. |
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 LinklistPremium
join:2002-03-03
Longport, NJ
kudos:5
1 edit | reply to ITALIAN926
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| reply to ITALIAN926
I try to keep up to date on Wall Street happenings and I can honestly say I've never heard of this guy.
Clearly as Karl stated he is a sector analyst at Bernstein (Which is rather small Wall Street firm with around 3000 employees). The view is pretty widely held though, analysts at Goldman Sachs have long wondered how Sprint was going to pay for their network upgrades.
Anyone of us can clearly see that Sprint is in trouble and without a huge increase in customers there is no logical way they can recover. It will be interesting to see what they decide to do with the company once it goes bankrupt though, will they sell off the assets to Verizon and US Cellular, or will they file Chapter 11 and try to restructure. |
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| reply to ITALIAN926
Wall St. VERMIN...thats what he is (in every stereotypical way you'd imagine). He probably has a financial interest in seeing sprint tank as he has been an AT&T fanboy propagandist for years...as well as completely wrong many of the times. How he got into the position he holds is baffling at best |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | reply to daake07
said by daake07:It will be interesting to see what they decide to do with the company once it goes bankrupt though, will they sell off the assets to Verizon and US Cellular, or will they file Chapter 11 and try to restructure. I'd bet on a restructuring effort. I wouldn't expect much interest by VZ, unless the assets go for a couple of pennies on the dollar. Does US Cellular have the resources (or need) to undertake an acquisition? |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | reply to CableConvert
I don't believe analysts are allowed to own positions in companies they cover. Not saying that financial motive isn't involved in his analysis (after all, financial incentive exists everywhere), but Moffett isn't exactly suggesting anything that just about every other analyst and investor doesn't already know. |
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| reply to ITALIAN926
An obnoxious hack who this website seems to have an obsession with reporting on.
His opinions are literally less valuable than mine are. This is a man who comes out with a new article every day pimping bandwidth caps and making wrong predictions on how the communications industry is going to evolve. |
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 trparkyApple... YUMPremium,MVM
join:2000-05-24
Cleveland, OH
kudos:2 | reply to ITALIAN926
How the hell can one man have this much power? It seems like one word out of his mouth is enough to either make or break a stock/company. |
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| reply to daake07
right and its been made clear by Dan that Sprint has NO extra cash to spare and their reserves are spent thanks to the iPhone and this massive upgrade. Either they're going to breach the iPhone contract or they'll be looking at other ways to fund the network build out. They're not going to be able to spend money on both and keep moving.
And anyone claiming that the iPhone is bringing a more solid base is full of it in terms of bringing in extra $$$ as Sprint spent MORE than the iPhone is making them. |
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| reply to openbox9
and why wouldn't they be allowed to? they're an outside company. That is doing a report. |
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| reply to trparky
He has so much power due to other websites have nothing better to "report" on than cover him. So it makes him famous and popular by default. |
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| reply to 25139889
Here's how bad it is. When Sprint's 15+ billion contract with Apple was leaked a good time before the 4s was released. Most analysts presumed that Apple was either making Sprint a wimax capable iPhone, OR Sprint was getting an exclusive on the new iPhone. It was unbelievable to have thought differently considering the *insane* contract terms. Then when the 4s came out and Sprint was the simply a 3rd tier 3g iPhone provider the monstrous mistake was apparent. |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | reply to 25139889
Just did a quick read and apparently analysts and their firms can have positions in their covered companies, albeit restrictions do exist. All the more reason clients and investors need to understand the FD....if they're using the analysis. Due diligence for the win 
said by SEC :Restrictions on Personal Trading by Analysts — The rule changes bar analysts and members of their households from investing in a company's securities prior to its initial public offering if the company is in the business sector that the analyst covers. In addition, the rule changes require "blackout periods" that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and also prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account.
Significance of the Change: Prohibiting analysts from trading around the time they issue research reports should reduce conflicts arising from personal financial interests.
Disclosures of Financial Interests in Covered Companies — The rule changes require analysts to disclose if they own shares of recommended companies. Firms are also required to disclose if they own 1% or more of a company's equity securities as of the previous month end.
Significance of the Change: Requiring analysts and securities firms to disclose financial interests can alert investors to potential biases in their recommendations. |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | reply to delusion ftl
So, what's the bad part? |
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WHT
join:2010-03-26
Rosston, TX
kudos:5 | reply to ITALIAN926
»www.google.com/search?as_q=Craig···_rights=
Karl mentions him a lot. Moffet just loves cable and hates telco. |
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patcat88
join:2002-04-05
Jamaica, NY
kudos:1 | reply to openbox9
said by openbox9:Just did a quick read and apparently analysts and their firms can have positions in their covered companies, albeit restrictions do exist. All the more reason clients and investors need to understand the FD....if they're using the analysis. Due diligence for the win
Set up a shell company and invest all you want »en.wikipedia.org/wiki/Blind_trust |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | Do you understand what a blind trust is? Blind trusts serve to mitigate the potential conflicts of interest. |
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Reviews:
 ·RoadRunner Cable
| reply to openbox9
Bad part is what now happens when an LTE version comes out, and Sprint doesn't have an LTE network.
Currently, Sprint has one advantage on its iPhone - unlimited data.
VZW has a very large 3G network
AT&T has a very fast 3G network (faux G)
I personally have no current interest in LTE at this time... but many Apple fans (especially those wanting higher speed) will go LTE. AT&T has some, with decent 3G speeds to fall back on, VZW has a lot of LTE.
Sprint had better keep its unlimited available for some time, and build its LTE network fast. |
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