Nonetheless, AT&T stock opened the trading day in freefall, and within an hour reached a point nearly 10 percent below where it had closed the night before. NONE of the 36 research houses that cover the stock have changed their opinions on the company. So, it’s likely the pasting in the overall stock market fueled a good portion of the selling.
But bears will maintain AT&T’s third quarter results indicates a value trap of
dysfunctional companies.