"It disappoints me," Stankey told Yahoo Finance Live (video above) on Wednesday at the Goldman Sachs Communacopia and Tech Conference in San Francisco. "It disappoints me that maybe folks aren't willing to bid the stock up to what I think is the fair value, but I'm pretty pragmatic about it. ... We're repositioning the business."
31 replies (most recent on top)
The disappointment is Stanley and not the stock. F the stock and try to run a company, invest in your employees, invest in your infrastructure or anything other than what you have done. Stanley is the top CEO baffoon in America now.
worried his stock options pile will evaporate
Remember, pur leader knows more about everything and everyone
Trying to use a guilt trip to get people to invest. This is what we’ve become. LOL.
A significant aspect of the equation revolves around perception. The valuation of a company's stock is fundamentally tied to how the market perceives its leadership. In the absence of any significant changes in leadership, it's unlikely that we'll see any substantial shifts in this valuation.
To potentially alter this perception, it may be necessary to bring in external talent at the CEO level. This move would signal a genuine commitment to change and could begin to shift market sentiment. Until such a change occurs, it's probable that we'll see little to no meaningful change in the stock price and T's valuation.
Somebody fire this dufus.
Do you want to see stock go up, then remove upper management and the board of directors. They have proven their incompetence. Stop outsourcing work to Puerto Rico and India. Massive layoffs have only created more bad press Every move they make is a step backwards for the company. I have personally dumped most of my stock in the company. I have only kept enough to allow me to vote (yes I know my vote is meaningless) and not hurt me too much when it becomes a penny stock
He’s lucky the stock isn’t less than $2. He has more debt than income. He is massively laying off which shows continued contraction not growth. Everything he touches loses money (dtv, Warner, security…). If he was not the CEO he would have been PIPed out years ago.
: @1tku+1ovteFUa you nailed it, i'd love to see Friedman put on trial for all the sh-t he started selling his stupid world is flat book.
He needs to bring Thomas Friedman to a Town Hall so that he can tell us how flat the world is, how great offshoring work has gone, how amazing JS's leadership is, and how much higher the stock price should be.
Stank in as much denial as any alcoholic. Drunk on hubris.
Huh? Bring in your toy drone and complain about the stock price. Then it drops another 1.5 %. Thanks to the Stank, we just got wanked again. But the dividend is high. Just keep pumping out those lies. Ma Bell was our mother. Now she’s just he-l. Time to wander off in the sunset . And find a better bet.
Stank is purposely tanking the company, so it will be bought. And he will make. Ki-ling on the million shares he owns, along w/ the million options!
Basically, Stankey is saying it's not his fault the stock is down and investors are wrong. What a doofus
"It disappoints me" ... THAT YOU TRIED!
Let's split the company.
The ONLY thing HIGH about T Stock is the RISK!
He reminds me of that creepy skirt chaser around the office. Bet all the women try to hide when they see him walking down the hallway. Bet he doesn’t practice any of the diversity he teaches.
Repositioning= We don’t know what we are doing!
"How many times have we heard Stankey or other leadership say the stock price “should be” higher and the street just doesn’t understand the model or the model is like “nothing they have seen” so they are trying to figure it out, etc."
This is why data can't be trusted in the hands of certain people. It's so so so easy to manipulate to find the KPI you want that looks positive (in a sea of hundreds of negatives).
This time around, it's apparently share of new Mobility GAs YoY. That metric specifically. Don't look at any others. Only that one. And only look at 2020, 2021 and 2023.
Stankey's a fool ... an even bigger fool because he thinks we, Wall Street, media, and everyone else are the fools.
If there were a game called AITF, Stankey would win every time. He's the reigning champion of AITA already.
Fock your disappointment. We’re beyond disappointed by you.
Ha ha, Stank blaming others for the poor performance of T due to his decisions
And he brings a drone to talk about rather than discuss market performance, financial results etc. It has nothing to do with the specifics of AT&T - other telecoms have them and almost every large company uses them as well. It's just a purchased commodity. He wasted maybe half the time off topic - almost certainly deliberately so he didn't have to discuss lack of results.
The drone stunt was something a network third level would bring to a local chamber of commerce talk. Really stupid Stankey, really stupid.
PS - anyone notice the cut above his eye? Maybe a bar fight?
JYS you have been a disappointment.
Like dude, it’s not the market. It’s the history of poor decision making.
John, I don’t understand the model either .
In many ways, stock price is nothing more than a quantified expression of public trust and opinion of a company. If the public trusts the company, believes in the products, has faith in the leadership, and generally holds a company in high esteem, the stock will reflect it.
That's an oversimplification, sure. But the fact is stock price is no different than the point-spread in Las Vegas. Sure, there are factors determining it, but ultimately the price is set by and driven by public perception of the company and its leadership.
So no, Mr Stankey. T's stock price isn't low because people don't understand your 4-D chess moves, or because the new business model is so revolutionary. T stock price is low because of you. Because of what you did to the company. Because of your "brilliant" moves like acquiring DTV only to shed customers faster than the industry average. Or because of your revolutionary DTV Now streaming fiasco. Or because of your acquiring Time-Warner only to eviscerate the entertainment content producing side. Or because of your HBOMax streaming fisasco. Or because of your ATTTV fiasco. Or because of your unloading DTV and Warner at a huge loss. Or ...
Yeah, Stink, T's stock price is all a reflection of you and your standing.
Vulture capitalists - come in buy massive stake in company, spin off a company B, sell under performing assets to company B, B files chapter 11 with liabilities (this is what will happen with the lead cables). This is the Texas 2 step. Next up or in our case first up, sell company assets like buildings to one of their other holding companies (see Blackrock), lease said buildings back to company. Streamline operations by cutting headcount’s, not investing in fixing things. Eventually company A gets lean and sold off. That’s what’s coming for us. It’s a standard walk street investing playbook.
alienated everyone on the inside who can help you get your Bonus Stank? waaaa, go begging for investors??? lol
" "It disappoints me that maybe folks aren't willing to bid the stock up to what I think is the fair value,..."
It's almost as if you've lost all credibility over the last decade. That couldn't be it, right?? Nah...
How many times have we heard Stankey or other leadership say the stock price “should be” higher and the street just doesn’t understand the model or the model is like “nothing they have seen” so they are trying to figure it out, etc. The truth is Wall Street can see you making bad decisions just like the rest of us can. Repositioning cannot be a permanent state.
repositioning = mass chaos and reduced productivity, however we will be making a great impact on increasing smog and pollution related to commuting