https://www.fool.com/investing/2023/09/28/these-14-words-from-atts-ceo-explain-what-needs-to/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
The stock has been on an epic decline, but management believes it can bounce back. (Stankey still in denial)
Year to date, shares of AT&T are down 18%. Over a period of five years, they have declined by more than 40%. The stock's abysmal performance has pushed up its yield to more than 4 times the S&P 500 average of just 1.6%. Investors, however, appear to have doubts about the yield, as there isn't a big rush to buy the stock. At a tech conference in San Francisco this month, he said: "It disappoints me that maybe folks aren't willing to bid the stock up to what I think is the fair value." Stankey says that the company is still in the midst of a transition.
Stankey says that AT&T's goal is simple -- "We just need to every day come in, run it [the business], and do our best," -- and that by doing so, the company can achieve its goals and win over investors. One of the key goals it has set for the year, which would be a big win, is generating $16 billion in free cash flow. That's one that investors may be feeling a bit unsure of these days.
Should you buy shares of AT&T?
AT&T hasn't been doing badly, but there hasn't been much to get excited about with the stock. The company believes it's on a positive trajectory, but investors remain unconvinced.
Our stock pickers think you can do better than AT&T
Before you consider AT&T, you'll want to hear this.
The Motley Fool Stock Advisor analyst team just revealed what they believe are the 10 best stocks for investors to buy right now... and AT&T wasn't one of them.
Stankey is the problem not the solution!!!!