No bump from the last lay-off. So... Clearly, the bobbsie twin CEOs will see a need to reduce even more labor expense while selling more business units. The financial statement release next week will no doubt be brutal once the analysts are through dissecting it. My guess is that T will be at $25 by year end but still paying its dividend. Such a tired and old business model.
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The T is a vast wasteland of lost promises and destroyed livelihoods. Panning over the horizon all one can see is destruction, smoke, pillared resources and huddled masses. Oh wait, up there on the mountain top using powerful lenses one can see in the distance a shiny, new building with a Rat and it's Stank laughing and rolling in crisp, new $100 bills used as beds and blankets. Underneath, however they don't notice that their riches and empire built on poor decisions and pure, unadulterated greed is standing on sand and sinking beneath them.
Do not buy ATT stock .
No one needs analysts to see that our company is going to bottom out , I mean if you work here and pay attention ! Randall and Stanky have destroyed ATT ! In my opinion !
If you think Elliot is your savior you must be living under a rock. They would probably end up doing more surpluses and yes splitting the company but not for growth, it would be for a quick return dump everything and find the next host/victim.
The stock should be much higher due to covid. Mr 'i know more about tv than anybody' said so. he also said this is great for T because everyone will be hold up at home watching TV....I guess they aren't watching ATT TV now, yester verse, d-at v tv, umm..a vmax tv now max it.??? whatever... T has more TV than anyone, yet fewer viewers than most of them...
Yep that and the same BS song and dance of "but COVID though".
I'm glad I'm leaving this toxic cesspool.
Elliott waiting for Stankey to fail, then they put their own CEO in charge. After that, fire sale of DTV, AT&T Mexico and Time Warner will happen.
This company can't pay down debt by cutting 30,000 employees a year. That is about 4 billion. The interest alone on our over 150 billion debt is that much. Their free cash flow is going to pay dividends at 60-70 percent of that current free cash flow. 5G and Fiber build-outs are expensive. The only way to pay for network builds is sell those entities(DTV, Time Warner, AT&T Mexico). And then there goes the dividends. But in the long term, that is the only way forward for this company out of quagmire they are in right now.
they need to fire old school business minded people and bring in the new talent to increase revenue streams through new channels"ways of thinking" that old school is not familiar with because they are old and out of touch.
Hope is not a plan.
Only the union part of the last layoff even made the news. Can't expect such a quiet change to impact the stock price.
There are other, far larger impacts, for example, COVID's double-sided impact, making mobility and broadband more important, but stopping new media production dead in its tracks.
There's also the FED taking on some of AT&T's debt, vs. the general slump as it's becoming clear that "wishing the coronavirus would go away" is requiring a 2nd round of even more severe closures of economic entities that pay the bills.
So looking for the drop in the ocean that yet another round of layoffs might have produced is pretty futile, in my opinion.
If you can't beat them ... join them? Watch for a dip and buy if you have cash on hand? Then hope it goes up some by end of next year after all the 5G hype?