Jim Cramer Says Pacific Crest’s Call on Sprint is Worrisome
Jim Cramer said Pacific Crest’s call on Sprint makes him worried about the telecom company’s future.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Pacific Crest's call on Sprint (S) - Get Report makes him worried about the telecom company's future. Cramer said, 'The one piece of information that I have to tell you that was damning was that the churn could be higher. Remember, if T-Mobile (TMUS) - Get Report decided to go after Sprint, it could really be tough on Sprint, they have a big debt load.' His warning to the company: Be careful Sprint, that $3.00 stock may turn out to be nothing more than a call option.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
