Bottom Line on AT&T Stock
If AT&T CEO Randall Stephenson wanted to bet the company on a big acquisition, he should have bought IBM. It’s at least a technology company. Instead he bought Time Warner, a media company whose assets mostly serve the dying niche of cable.
If AT&T can squeeze profits from captive customers for the next 10 years, it might make a dent in its debt load. But the assets are rapidly declining in value. This story will not end well.
Found this post buried in one of the other threads. Couldn't agree more with @109ljhlR-rcq . Spot on