AT&T: Losing Relevance In Key Markets
T-Mobile claims the #2 domestic wireless provider position.
HBO has already fallen into an irrelevant position in the video streaming category before launching HBO Max.
AT&T should continue missing revenue targets as the company has less control of wireless and media businesses.
The stock has some short-term upside followed by many more years of pain, thanks to the Wireline drag, and Union Obligations.
AT&T in the third place position in the domestic wireless sector is really bad news, While this actually happened when the merger closed back on April 1, the market apparently caught on with the Q2 earnings report for T-Mobile. The headlines reemphasize the fears of how AT&T has become far too hard to manage causing the wireless and media giant to struggle in every industry and confirming my ultimate long-term negative investment thesis on the company.