Wouldn't be surprised if Randy isn't paying them himself!
I can't believe that I work with people that think it's great to have their 401k 100% in AT&T stock. I routinely liquidate my company match and invest it elsewhere.
Go check out Frontier ... lol ... 90 cents a share now... but could never happen here .... naaaaahhhh.
Elliot is just speeding up what's going to happen anyway in the competitive marketplace.
Regarding holding lots of T stock, any investment advisor (independent, Fidelity, Vanguard, etc.) will tell you holding individual issues is a no-no. Risk is to great to losing your principle.
Parasites, all of them. Randall, Stanky, Elliot. There are no good guys in this scenario.
I think that Elliott Group is nothing more than a parasite,. They are performing a classic pump and dump, they have been watching AT&T for some time. They've simply struck when they think we are at a critical pivot point and trying to take advantage of what optics todays rotten new reporting and garbage financial analysts s-spin on it. They will leave as fast as they came on, once they calculate best time to yank out top ca$h dollar for their % stake buy in. You'll never hear from them again, just like you haven't heard jack from Ford v Kavaenough
mind your own business
So did I, and put it into a brokerage account