*Dow Jones up 500+ points
*High dividend stocks soaring based on Fed indicating lowering rates
*Mighty ATT up $.06 a nickel and a penny
*Investment world hates ATT but Stankey says they don't know anything. Just like HBO doesn't know entertainment, just like satellite is good for scale, just like T-Mobile can't do anything with that breakup fee, and just like Fixed Wireless is inferior.
4 replies (most recent on top)
Do you even know what Wall Street is? Or just complaining for the sake of complaining?
Not sure who you are referring to. I'll submit this. I know what AT&T stock was worth before the failed T Mobile acquisition. I know what AT&T stock was worth before the DirectV and Time Warner acquisition. I also know "painfully" what AT&T stock is worth now that AT&T has stopped trying to be a Media Company.
I also know that AT&T debt grossly exceeds the market value of AT&T shares.
Why would anyone invest in a company led by a bunch of people who have a track record of setting money on fire?
The only layoffs that might actually move the stock would be laying off the board and the c-suite clowns.
Is Stankey going to give a speech bragging about it today?
This is why I hold 0 AT&T stock in my portfolio, sell that trash immediately.
Use the capital to buy shares in a company with an actually competent CEO.
I actively tell everyone who asks to avoid T stock like the plague.