Normally you will hear this phrase in association with foreclosures, distress sales and bank held properties. You will hear people say, "Oh, you can pick that up at fifty cents on the dollar" or "seventy cents on the dollar". That simply means 50% of the original value or 70% of the original value.
https://variety.com/video/att-fire-sale-almost-everything-must-go-to-pay-down-debt/
@grw+16P7ekpE - couldn't agree more and you are spot on. 5g dreaming on a winters day. lol
Have to disagree that 5G and streaming would generate enough revenue. It won't - the market demand is not there. If anybody relies on these two products to save the day, and that's the only plan they have, things are even worse..
You know how T's mergers go:
T finds a company to ruin
T overpays by three of four time the value of said target company to ruin.
Mismanagement chases away all the talent of said target company.
T place some idi0t in change of said target company to ruin it.
T Changes strategy and tries to unload said ruined company for a shinny penny.
T declares $UCE$$
AT&T stock has lost 25% of its Q2 value, add a 6.7% slip since then end to the third quarter.