The older generation still holds the mindset that the company has never changed, is still the AT&T of old. Sure the dividend is currently good and most are under the impression that it will always be. They have no idea the tightrope the company is now walking and the fall that is on the horizon. Fortunately, the younger generation knows better than to trust the company and that is why AT&T has become a short sellers dream. Layoffs and selling assets are typical first steps in staving off bankruptcy and with both seemingly becoming the norm, that horizon is growing closer and closer, and my fear is that our older generation's golden years will be taken with it.
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@1fit, couldn’t have said it better. And “T a short sellers dream,” very unlikely. Most financial pros in the market will freely tell you that maybe one in a hundred day traders make any long term money at this game, and certainly not many know how to time the market.
I am out the door in a few years, invested widely in mutual funds, rarely in a single stock. T stock was once a growth vehicle but no longer, and now I treat it as a bond, perhaps you could call it an Annuity.
This stock is not a bad basis as an “anchor” to your portfolio even if you just let T put your matching 401k money in it....
"AT&T has become a short sellers dream"
AT&T stock is up 11.88% Year To Date. Why'd you short it?
Depending on which "older generation" you're talking about, they've lived through either the WW II, the Vietnam War and stagflation, the 80s Evil Empire speech where we were all sure we were going to die under nuclear hellfire, the great crash of '87 which saw the Dow fall 23% in a single day, the 90s recession, the dotcom bubble bursting, the housing crisis followed by the financial crisis of 2008. You're young and delusional if you think they haven't seen c-ap stock markets.
"The older generation still holds the mindset that the company has never changed, is still the AT that's how they built such large portfolios that they need T one way or the other. And they do know the tightrope the company is walking with all the debt. It's up to Randall to figure this out. No one at the lower layers can solve. They're just along for the ride.
They have to pay down the debt faster than the value of their newly purchased assets fall. It’s unfortunate.
The biggest threat to AT&T will be the inability to jettison landline telephone, as in jettison old technologies. The debt is slowly coming down, and now with the Federal Reserve reversal, interest rates aren't going up, good for companies with large debt. Right now, the market is betting on rates coming down.
The market monitor on Nightly Business Report recommended AT&T stock last Friday. I've been saying buy it at $30 and below - at around $32, I'm a bit more neutral. Part of the situation would be whether or not a stockholder's income situation is receptive to tax advantaged dividend income.
I watched the town hall May 8th, they need us!!
(as they shuffle everyone out the side door)
This must be fake news, right? Right?!!
the multiple CEO's we have are lost, old people, old ideas, old instincts.