The failure and subsequent departure of a Randall was a costly misadventure.
The most immediate and devastating impact on the company's market capitalization was the destruction
quarterof market valuation that has taken a decade to build.
As of shares of AT&T have lost -24.3% over the past six months against the Zacks Wireless National industry’s fall of -12%, reflecting the company's debt-heavy balance sheet.
AT&T is witnessing a steady decline in linear TV subscribers and legacy services. Its wireline division is also facing loss in access lines due to competitive pressure from VoIP service providers. As it tries to woo customers with discounts, freebies and cash credits, margins tend to fall. The company canceled its stock buyback program due to the severity of the virus outbreak and withdrew guidance, not a good thing.