Elliot told people he would get the stock price up and s—ers fell for it. He didn't say how he would do it but s—ers could see that.
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Was Elliot (Bill Morrow) the one who said we have too many layers of management? I've had no change in the # of people I report to in corporate hierarchy so I'm glad that stuck.
They've been talking about doing away with the AVP level forever. All talk, I guess.
That’s the power of dividend yielding stocks...your not concerned with value of the share. You still have the same amount of shares. Now that’s within reason of course. But until you sell at a loss, you e really lost nothing!
Really dumb to hold a company for a 7% dividend when it's stock price falls 32% in a year that the S&P gained strongly to record levels.
I heard that Elliott had invested in shale and needed some cash. Meanwhile T did do some stuff Elliott said to do. But Vanguard and Blackrock are the big institutional holders of T. They, not Elliott call the shots. And they both hold T for dividends, to fuel dividend funds that they sell to investors.
I found it pretty shocking how quickly the Elliot group bailed out. They lost quite I bit of money on the deal if I remember correctly. So they bailed at a loss. That tells you something.
Ultimately Elliot realized that under the dress ATT is still a utility style business and their due diligence on the Company was way off.
That contractor that reports to Stankey and is there to come up with ways to cut costs is still there. At least he showed reporting to Stankey on webphone as of near end of December. So Elliott inspired goons are still around.
What are babbling about