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Sometimes, speculation is just about sitting still and waiting for history to repeat. That seems to be the view of several hedge funds positioned to reap the benefits of Sprint Nextel's(S Quote) buying spree.
New York-based hedge fund Glenview Capital Management was among the winners on Nov. 21, when shares of Alamosa Holdings(APCS Quote) jumped up 13% to $18.35 on the announcement that Sprint Nextel would buy the wireless affiliate for $3.4 billion.. It was the fourth acquisition of an affiliate by Sprint since its merger last summer with Nextel.
A hedge fund manager who owns Alamosa says that the market is betting that the buying spree will continue. ...
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