Thread regarding AT&T layoffs

Regarding the earnings report. J.P Morgan told Stanley “investors don’t believe you”.

No one fell for it and it’s just a further race to the bottom from here on.

https://www.barrons.com/amp/articles/att-stock-earnings-51634813994

Even the analysts on Thursday morning’s earnings call, normally a supportive group—“great quarter guys!”—didn’t mince words. “I think everybody has been pretty impressed with the results of AT&T over the last year,” J.P. Morgan’s Phil Cusick told AT&T CEO John Stankey. “I would only follow up that the market is telling you that investors don’t believe it.”

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Post ID: @OP+1drijY8B

5 replies (most recent on top)

Haven’t you heard? Stankey will shave his head, new age hypnotherapy to bring invest trust back in ten folds.

Investors are getting the employee treatment, stock price dive and dividend cut, but hey, HR will tell you to be grateful for the privilege to own a piece of this awesome company!

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Post ID: @3vhh+1drijY8B

Nor does Stankey have a CFO that can talk to the market that the market respects. The new guy from TimeWarner, Desroches, is not qualified to be CFO and was chosen based on the color of his skin

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Post ID: @1ffi+1drijY8B

This illustrates the biggest issue this corporation faces. You are literally being told that investors don't believe anything you say. This isn't something that happened overnight, but rather has been slowly building over the last decade due to listless and ineffective leadership. To the point where now you are reporting a solid quarter, and the market just shrugs it off. Because you have a serious credibility problem. This only gets fixed with new leadership. Unfortunately I don't think that's in the cards. Stock will continue to underperform and stagnate, at best.

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Post ID: @onq+1drijY8B

Shareholder, Customers, Employees don't believe anything the Stink says. I bet even his mother would not believe him.

The only one that believes the Stink is his banker!

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Post ID: @vjx+1drijY8B

The "Market" is a headless chicken.

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Post ID: @qay+1drijY8B

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