If FCF comes in under $3 billion the stock will fall like a rock. Severance will only put additional pressure on FCF in Q3 and Q4.
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7/22 surplus??
Here is the response from BOA when Pascal said Q2 FCF will be in the $3.5-4B range.
Okay. Good to hear. so I have to ask because the first question that’s going to be running
Through everyone’s mind is that $3.5-4B is probably in line to be better than the Street maybe was expecting for Q2. Are you doing it some unnatural way with weirdly low Capex number? That 24b Capex number is still the the number I assume?
ITS ALREADY BEEN CONFIRMED THAT FCF FOR THIS QUARTER IS A MASSIVE 6 BILLION. WELL DONE STANKEY THATS WHY YOUR OUR LEADER
Who ever wrote this is a clueless, uninformed, brown nose, ki$$ a$$ that must have just started working for the company! Perhaps, it's John himself that wrote this!
T rgularly cook the books using accounting tricks to make a company's financial results look better than they really are..
Find the transcript from Pascal’s chat with BOA. When Pascal suggested FCF of $3B+ for Q2 the host of the chat said something like — how is T going to do that - and I am almost certain the BOA said something about tricky accounting
Here's the quote:
“The billion dollars we produce in Q1 was in line with our expectation.” He said it reflected peak payments for capital investments the company made for devices from last year's holiday season. And it also reflected the annual incentive compensation paid to executives. “We said Q1 was going to be the lowest, and it would gradually improve from there.”
Yes, and when Stank was promoting the great Q1 results (in his mind) during his fireside chat, the day the results were announced and as the stock suffered a historic drop, he said something like - I should have done a better job communicated the expectations…and some other jibberish. It was an intentional misstep. As for the excuses he gave - those payments come due at this same time every year. The guy has no game and no shame.
Severance payments for the 7/22 surplus are being paid in Q3.
The”Street” will start to respond when a viable business model is seen here . They can’t cut to profitability, the business is in real trouble and the street knows it.
Estimates are 3.5 - 3.7 for Q2 according to the Ro--h.
ITS ALREADY BEEN CONFIRMED THAT FCF FOR THIS QUARTER IS A MASSIVE 6 BILLION. WELL DONE STANKEY THATS WHY YOUR OUR LEADER
The sad thing is, even when we have a good quarter the street doesn’t respond accordingly. We have no credibility anymore. That’ doesn’t change until he’s gone.
T rgularly cook the books using accounting tricks to make a company's financial results look better than they really are..
Typically involves manipulating financial data to inflate toxic company Stanley has created revenue, deflate expenses, and pump up profit.
And is Done every quarter
Honestly, this company has always been way to nice as an employer and poor company performance gives them the perfect excuse to layoff in mass. All of this is by design.
"It should already have been put in the budget at the beginning of the year."
Should. But this is the T and it likes the term "budget gap". I am afraid that T is not managed this 'sophisticated' way to think before rethink.
Stankey: "the future is bright for AT&T. We are right sizing our workforce..."
The Market: "Bailiff whack his peepee"
Severance payments have a minimal impact on cash flow. It should already have been put in the budget at the beginning of the year. Capex, revolving interest payments, and macro decreases in sources of cash have greater impacts.
In an interview with Desroches, they attributed part of the Q1 miss due to "executive incentive compensation. Incentives to miss their targets? This was their excuse? What a clown show!
Here's the quote:
“The billion dollars we produce in Q1 was in line with our expectation.” He said it reflected peak payments for capital investments the company made for devices from last year's holiday season. And it also reflected the annual incentive compensation paid to executives. “We said Q1 was going to be the lowest, and it would gradually improve from there.”
Heard big miss weeks ago, but now hearing $3.5-3.7 FCF. If so, really curious what changed.
Speculation on the reason? Dog ate the bill? Last time it was, the customer was late on their payments.
severance is nothing compared to continuing to keep people on payroll.
Don’t we know this is already going to happen?
Like Smokey and The Bandit!
“LONG WAY to go and a SHORT TIME to get there”!
Like a rock!