According to Forbes, an average consumer may end up paying $225 more per year over their original service payment. Extra hidden fees and taxes slowly creep up on all services, you will pay much more thanks to AT&T opening the gates to higher prices, everyone will follow- economics 101
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AT&T is on a quick downward spiral. Employees know it, customers know it and competitors know. Too late to bail themselves out now.
Another failure, the stock will continue to slide.
These cultures will not blend. I can’t speak for TW, but I know T’s toxicity. I see another AOL/TW fail.
Right, analyst all over, including SeekingAlpha are and were way over optimistic about now and prior aqisitions by AT&T, but,. what about of the DirecTv Failure? That shows that these people can and will continue spreading lies for a bonus check paid by AT&T
Jul 6, 2018 @ 09:38 AM 4,091
General Electric And Intel
Ken Kam , Contributor
Opinions expressed by Forbes
When interest rates are rising, companies that can't grow usually see their stocks fall. When you evaluate the stocks you own, ask yourself this question; What is the company working on that has the potential to materially increase the stock price in the next three to five years in the face of rising interest rates? Here's the answer I get when I listen to the CEOs of AT&T, General Electric, and Intel.
AT&T CEO Randall Stephenson just completed a large acquisition, paying $85 billion in cash and assuming $23 billion of debt for Time Warner. The acquisition is supposed to make AT&T competitive with Netflix which is a worthy goal capable of lifting the stock price materially if the plan succeeds. However, with a pre-merger market cap of about $223 billion, a $108 billion acquisition is a huge bet with significant downside. The arguments investment bankers put in their "fairness" opinions to justify the transaction almost never come to fruition. If this acquisition does not work out, AT&T shareholders could suffer big losses.
In 2014, when the Company bought DirecTV for $49 billion, the acquisition was justified as necessary to compete with Comcast's triple play bundles which include phone, internet, and cable TV. Four years after the acquisition, I can say from personal experience that AT&T is still not competitive with Comcast.
Only one of my managers, Raymond Meyers, owns the stock, and it is only 0.75% of his portfolio. Another manager, Rahul Garg, used to own it for it's dividend yield which is currently about 6%. But he sold it March of 2017 at $42. It's at $33 now.
no job security, stagnant salaries, heavy offshoring/ outsourcing, while corporations rip the tax cuts benefits and your money, one way or another, congrats to all At&T cheerleaders!!