What happens if ATT announces blowout earnings like the Apples, Amazon, Facebook, Netflix, Google, Teslas of the world?
It will be blood in the water for the Union sharks to circle around the CEO and demand even higher pay, more benefits, lifelong job security and on and on.
ATT is not set up to bow down to a Musk or Bezos or an individual raking in all the wealth.
T has no choice but to lie low and take care of massive layoffs and restructuring now while it has the COVID get out of jail card and lack of revenue from sports etc.
How long the accumulation phase lasts in anyone's guess, but T is not going to shoot to the moon in ER reports by design and will always be by some accounting miracle a penny or two shy of making it....
This is a long term play so add and DRIP while you can and then shed a large chunk to remove overweight status when it spikes.
None of the FAANGS have the labor costs or provide the benefits to employees like ATT does. So, if you are just in for the shares, then sorry about your luck.
Those that work for ATT get tons of benefits, HSA match, 401K match, huge discounts, annual bonuses, and many even have a pension still in play.
Learn to appreciate this All American company for what it is. A constant income provider and a provider of high paying jobs to Americans.