No one fell for it and it’s just a further race to the bottom from here on.
https://www.barrons.com/amp/articles/att-stock-earnings-51634813994
Even the analysts on Thursday morning’s earnings call, normally a supportive group—“great quarter guys!”—didn’t mince words. “I think everybody has been pretty impressed with the results of AT&T over the last year,” J.P. Morgan’s Phil Cusick told AT&T CEO John Stankey. “I would only follow up that the market is telling you that investors don’t believe it.”