Thread regarding AT&T layoffs

OP breaking Down the Elliot position & How this happened?

https://whalewisdom.com/stock/t

the analysis, represent a loss of 23% aggregate when AT&T rallies after Paul Singer’s Elliott Management $3.2 billion of AT&T stock and says the company could be worth at least $60 per share...... that's right SIXTY. LOL

On Sep 9, 2019 he purchase $3.2 billion of T stock @ $34.59 = 92,512,287 Stock
On Jun 30 2020 sold his entire position @ $29.57 =2,735,588,320.3

=$-464,411,679.6 loss

3,200,000. The construction also works with 9.23 (9,230,000) and 9.234 (9, 234,000) If the answer was 3.2 billion, it would be written as 3,200,000,000

ELLINGTON MANAGEMENT GROUP LLC(PUT)

07 Sold All 595,400 13F 2020-06-30 2020-08-17 Q1 2020

ELLIOTT INVESTMENT MANAGEMENT L.P.(CALL)

67 43 10,500,000 13F 2020-06-30 2020-08-14 Q4 2019

ELLIOTT INVESTMENT MANAGEMENT L.P.
5,000,000 $151,150,000 1.64 2.70 14 0.0702% 13F 2020-06-30 2020-08-14 Q3 2019

as of 6/30 here are his Top Buys

Name% Change
QQQ (PUT) Invesco QQQ Trust S... 24.281%
VNQ (CALL) Vanguard Real Estat... 2.99%
FB (PUT) Facebook Inc 2.47%
WELL Welltower Inc 2.003%
IBB (PUT) iShares Nasdaq Biot... 1.673%

Here are his top sales:

LQD iShares iBoxx Inves... 7.891%
HYG (CALL) iShares iBoxx $ Hig... 5.714%
T (CALL) AT&T Inc. (Southwes... 5.673%
DELL (CALL) Dell Technologies Inc 2.81%
XLE (CALL) SPDR Energy Select ... 2.744%

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| 1748 views | | 7 replies (last August 29, 2020) | Reply
Post ID: @OP+16ETvVtf

7 replies (most recent on top)

Clown world after all

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Post ID: @2iio+16ETvVtf

So Elliot lost almost half a billion on this little venture? Who do they think they are, T?

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Post ID: @2rfy+16ETvVtf

There are 3 companies listed in the SEC for Elliot Management. Are they selling the shares to shell companies?
https://www.sec.gov/Archives/edgar/data/0001791786/000156761920015490/0001567619-20-015490-index.html

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Post ID: @1twd+16ETvVtf

In literature, the jester is symbolic of common sense and of honesty, notably in King Lear, where the court jester is a character used for insight and advice on the part of the monarch, taking advantage of his license to mock and speak freely to dispense frank observations and highlight the folly of his monarch.

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Post ID: @1upg+16ETvVtf

“Elliott to receive budgeted overlay project funds as goodwill jester to investors as per BOD on 8/27/20.“

Goodwill jester? You mean gesture? Maybe learn to spell before fabricating stories you mo–n. I swear we need a nanodegree covering ABCs for some of these people.

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Post ID: @1izb+16ETvVtf

lol - got sick of att - can't make this stuff up.

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Post ID: @1szd+16ETvVtf

Elliott to receive budgeted overlay project funds as goodwill jester to investors as per BOD on 8/27/20.

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Post ID: @fjy+16ETvVtf

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