Actually going to hurt it more, as severance payments made in q3 and q4 of 2023. So I expect further stock drop by year end, as wall street has att hard against the ropes now, and it votes with its money fast. Wall Street wants improved free cash flow! As you cash your severance checks this year, perhaps you will get a little joy knowing it hurts stinky and puts him another step closer to being pushed out the door himself.
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“Accounting tricks” ala Enron & WorldCom.
Re:
They use accounting tricks to factor the cost cut savings in right away.
So true. Look at some of these multi-million dollar network deals. Check the exec PowerPoints against the spreadsheets that go to India to be loaded in systems of record.
No one ever checks…
You are missing the whole point, by sending everyone back into offices, even though they are already being paid for, it becomes an excuse. Stank needs a good excuse for missing FCF for 2023 and he will blame it on RTO expenses and severance payments. The reality is they are not acquiring additional real estate expenses, they are just using what they have. But I'm sure this won't be the message when he delivers his excuse to WS.
This is why I believe he will be cornered in mid to late 2024 and conveniently "retire" late next year.
" If AT&T fails to meet full year cashflow Stankey will point the finger at someone else and still get $20 million."
Darn customers not paying their bills on time again. LOL
They use accounting tricks to factor the cost cut savings in right away.
It doesn’t matter because Stankey will spin it on the earnings call. If AT&T fails to meet full year cashflow Stankey will point the finger at someone else and still get $20 million.
Current right sizing efforts will greatly help 2024 and this is key. Stankey will be able to show considerable progress in streamlining T.