Thread regarding AT&T layoffs

Cut the dividend already!

Finally, somebody to point out something that should be blatantly obvious to everybody.

With its 7% dividend and its $209 billion market cap, AT&T (NYSE:T) is widely considered a blue-chip investment. However, General Electric (NYSE:GE) investors know all too well how quickly a blue-chip stock can fall from grace. Unfortunately for T stock investors, the company seems to be joining GE in failing to adapt to the 21st century.

https://investorplace.com/2020/06/commitment-to-dividend-riskiest-thing-t-stock/

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Post ID: @OP+15J3UX56

7 replies (most recent on top)

That would be pretty much gutting the company aside from Mobility Good luck to all

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Post ID: @1eey+15J3UX56

They have a lot they can sell before they have to reduce or eliminate dividends. Remember GE kept getting rid of divisions and still paid dividends for years. First there is DirecTV. That alone would get back around 20 billion. Then there is AT&T Mexico. That would get back a good chunk. Then they can sell off wireline business to someone at a cut rate. That will probably get back another few billion. Same for Uverse. They can sell that to make wireline appealing. Finally, they can get rid of all corporate stores. They can even divest the business side of the house, though that will hurt. All to say the dividend will keep happening. As for Time Warner, they probably sell that to Amazon or Google in time. Randall and Stankey will go down in corporate hall of shame along with Jack Welch and Armstrong and MCI and Enron CEOs.

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Post ID: @tet+15J3UX56

Stank will layoff his own mother to keep paying dividend. If he cuts dividends, Elliott will call to fire his a–.

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Post ID: @wyz+15J3UX56

Interesting article, towards the end Enrique Abeyta states it is baffling why AT&T would sell off the one growth segment. The gaming division and goes on to say “Mark my words – at some point in the next decade, AT&T will go down as the biggest non-financial bankruptcy in the history of American business,” Interesting take but perhaps not too far fetched

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Post ID: @zng+15J3UX56

The dividend is the only thing supporting this house of cards. If they were to cut the dividend, this whole mess would collapse.

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Post ID: @eqn+15J3UX56

So long as Eliott owns a significant number of shares, and so long as executive pay is not only tied to stock performance but based almost entirely on stock compensation, that dividend isn't going anywhere.

It's how Stink, Rat, and the rest of the scumbags earn most of their annual salary. They will never touch their golden goose as long as they can keep getting free money.

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Post ID: @fgz+15J3UX56

Ratty, Stinky and the Board of MisDirectors do not want to experience ANY pain, and have their compensation cut - which is what would happen if they cut the dividend. Instead they will probably raise it! Why not, they can borrow even more $ at 0% from the Fed to pay the dividend like they did last quarter and just wack a few thousand more employees to pay for it.

No Worries! Ratty's $200k / month pension and his $1M per quarter in dividends is safe!

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Post ID: @eid+15J3UX56

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