Thread regarding AT&T layoffs

Elliott exits AT&T after waging a fight in 2019.

https://www.yahoo.com/news/elliott-exits-t-waging-fight-020434768.html

By Svea Herbst-Bayliss

BOSTON (Reuters) - Elliott Management, which last year took a $3.2 billion stake in AT&T and pushed the company to sell some assets, has itself exited the telecommunications and media company, according to a regulatory filing on Monday.

The New York-based hedge fund liquidated its investment when it sold 5 million shares during the quarter that ended Sept. 30. It had first bought into the stock during the third quarter 2019, according to another filing.

Investment companies are required to say what U.S. stocks they own at the end of each quarter. While these filings are made with a delay, they often shed light on investment trends that are closely watched by other investors.

by Anonymous
| 2120 views | | 11 replies (last ) | Reply
Post ID: @OP+17YsUXw7
Comment! It's anonymous!

11 replies (most recent on top)

Elliot’s a fool and lost money for being a fool, fool.

by Anonymous
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Post ID: @2pva+17YsUXw7

investors like elliott do this because they think the stock has room to grow - ours doesn't and will not grow thanks to failed leadership therefore singer took his money else where!!!

by Anonymous
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Post ID: @1qdm+17YsUXw7

Singer is a POS who cares

by Anonymous
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Post ID: @1cin+17YsUXw7

So, who bought the 5 million shares? T? With what money? From the taxpayer's money from 2018?

by Anonymous
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Post ID: @1gmt+17YsUXw7

In retrospect it was a perfect fit - Elliot had a crackpot plan and bought high/sold low. Is he auditioning to be our next CEO? He fits right in.

by Anonymous
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Post ID: @whc+17YsUXw7

They still left Bill Morrow behind and Stephen Luczo on the board. And ensured that Stank did not become chairman.

by Anonymous
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Post ID: @cea+17YsUXw7

Take it at a loss to off set gains. Could be a number of reasons. Elliot management group was a bunch of karens.

by Anonymous
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Post ID: @clh+17YsUXw7

speaks volumes for a company when an investor like sells his shares and takes losses.

by Anonymous
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Post ID: @xvb+17YsUXw7

If I was an investor in Elliot I would be upset at them. Not great decisions it appears unless there is a long view we are not seeing.

by Anonymous
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Post ID: @eds+17YsUXw7

Elliott is not the only one to walk away from AT&T with a financial loss and no regrets.

by Anonymous
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Post ID: @hig+17YsUXw7

I am sure they lost a bunch - Hey Stank, what's up? what other company are u thinking about buying?
What joke.

by Anonymous
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Post ID: @tlj+17YsUXw7

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