I guess these Wall Street experts aren't as smart as they want us to believe they are, huh?
Here are a few reasons for T's dismal stock price:
- Unsustainable debt. T simply owes too much.
- A record of breathtaking blunders and business disasters going back at least 20 years
- Customer service that is among the worst in the industry
- Uncompetitive pricing for sub-standard service
- Sub-standard service at uncompetitive pricing
- A history of mass layoffs going back decades
- An arrogant CEO who is not only universally disliked by employees, colleagues, and his peers, but is also clearly out of his element, if not simply incompetent
- "Disruptive" product releases like DIRECTV Now, AT&TTV, and HBO Max -- all failures
- Adventurous mergers that not only created the debt but resulted in the utter destruction of at least two previously respected and leading companies
- A workforce that is demoralized, brow-beaten, and no longer engaged
- A stock price that is at an over 30-year low in face value, and nearly 40-year low in actual value when adjusted for inflation
- A company that is constantly losing ground to competitors in every field, but particularly in wireless communications, which is supposed to be T's strong-suit.
So, explain why anyone would buy T stock under these conditions?
Perfectly summarized by @lfs+1mSXmpPE.