Hedge fund manager Todd Westhus recommends betting against AT&T bonds
Olympic Peak’s Todd Westhus recommends shorting AT&T bonds.
AT&T “has a ton of debt,” he says. “This is a very mature business. Revenues have been declining and the trend will continue.”
Published 13 Hours Ago Updated 10 Hours Ago CNBC.com
He recommends shorting the company's bonds.
Shorting is a trading strategy that involves selling a borrowed asset with a view that it will drop in value and the asset can be bought back later at a lower price.