Did they say that DirectV made TOTAL sense? YEAR AFTER YEAR? all these Cheap analyst, the silence of the lambs..LOL
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posts here keep getting dumber and dumber
AT&T: Movie Business Is A Strong Opportunity
Sep. 19, 2019 9:34 AM ET|
Summary
HBO and streaming is very important to AT&T, but so are film slates.
DC could eventually become a catalyst for streaming.
The deal with producer J.J. Abrams is a big positive.
The stock has shown strength, still has a good dividend yield, and is a buy.
AT&T (T) is in the news because of a recent critical letter penned by an activist shareholder. If you've got the money, you can certainly make some noise in the marketplace about a highly-leveraged company whose stock price could be doing better (the rest of us are mere, passive observers).
While there are some things in the Elliot Management document with which I concur - in particular, and in a general sense, I definitely concur with the notion that management needs to be ultra-focused on selling assets in an efficient and expedited manner - I also remain excited about the future possibilities inherent in the Time Warner (now WarnerMedia) acquisition. I'm a content person, and I believe AT&T can use WarnerMedia content to effectively compete with streaming services by Netflix (NFLX) and Disney (DIS).
I've written prior about the importance of HBO (which will be a central component of the over-the-top strategy). This time around, I would like to highlight the importance of the movie slate (using the recent It project as an example). In addition, I will touch upon the current valuation and the movement of the stock price. I am long T, and I am still bullish on my holding.
Movies And WarnerMedia
Investors may tend to think of HBO these days when thinking about WarnerMedia. Arguably, they should, as HBO's brand equity and reputation for quality programming will help to drive streaming initiatives. Driving HBO and other streaming products will be the movie division.
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