AT&T Inc (T)

[littlejohn]

Why didn't they cut prices before the

free cash flow?...

internet services and tv services

tied up in needed services too...

bundle, save, or lose it all...


so we watch...LJ

[OMOLIVES]

Good ole' boring "T".... and so it goes.

[bradford86]

ah gotcha, thanks for explaining --- yes their balance sheet is messed up because of the SPAC --- yessir --- but with this major 5g / fiber rollouts because of c-band --- if there is major growth here then the sliver equity will expand significantly

high risk/reward is one way to explain it

[OMOLIVES]

The balance sheet. Their(QualTek) balance sheet is a mess. That is what is meant by upside down...always.

[bradford86]

upside down, inside out, i dont know what you mean upside down

but yes --- spac dumpage!

[OMOLIVES]

It's because they are upside down currently....which is compounded by the SPAC investors.

[bradford86]

$10-25 stock for $1 because its SPAC investors shit the bed after taking it public, not because there is any fundamental business problem $T $VZ $MTZ $DY $CMCSA $TMUS $QTEK

https://seekingalpha.com/article/4527107-5g-rollout-underway-qualtek-most-potential-upside

[OMOLIVES]

Your numbers are a little off...but did you happen to look back and see where they were? It's AT&T man...it's ancient and boring and provides income and other(spin offs). That's why individuals inherit it, and/or buy it..and just hold it.

It's the simplest channel study ever...:

[Dubster watching]

Your smarter than that.

[swanlinbar]

I don't think so T > Capital expenditures (9,476) (7,581)
Acquisitions, net of cash acquired (9,570) (23,143)
Dispositions 22 375
Distributions from DIRECTV in excess of cumulative equity in earnings 1,638 —
Other - net 75 20
Net Cash Used in Investing Activities from Continuing Operations (17,311) (30,329)
Financing Activities
Net change in short-term borrowings with original maturities of three months or less 172 76
Issuance of other short-term borrowings 2,593 16,440
Repayment of other short-term borrowings (15,613) (857)
Issuance of long-term debt 479 9,097
Repayment of long-term debt (24,213) (1,096)
Repayment of note payable to DIRECTV (722) —
Payment of vendor financing (3,337) (2,994)
Purchase of treasury stock (872) (185)
Issuance of treasury stock 28 85
Dividends paid (5,835) (7,571)
Other - net (2,144) (892)
Net Cash (Used in) Provided by Financing Activities from Continuing Operations (49,464) 12,103
Net (decrease) increase in cash and cash equivalents and restricted cash from
continuing operations (51,405) 1,557
Cash flows from Discontinued Operations:
Cash (used in) provided by operating activities (3,731) 1,054
Cash provided by (used in) investing activities 872 (302)
Cash provided by (used in) financing activities 37,065 (203)
Net increase in cash and cash equivalents and restricted cash from
discontinued operations 34,206 549
Net (decrease) increase in cash and cash equivalents and restricted cash $ (17,199) $ 2,106
Cash and cash equivalents and restricted cash beginning of year 21,316 9,870
Cash and Cash Equivalents and Restricted Cash End of Period $ 4,117 $ 11,976

[BottomBounce]

At & t $T has $155.33 Billion in debt

[BottomBounce]

Republicans Condemn Verizon, ‘Big Telecom’ for Entertaining Democrat Censorship Demands https://www.breitbart.com/tech/2022/06/27/republicans-condemn-verizon-big-telecom-for-entertaining-democrat-censorship-demands/ $T

[OMOLIVES]

That's actually fairly accurate...and you can combine such with the previous cash dismemberment to individuals ..known as stimulus..lol.

The spin off couldn't have come at a better time. Current yield @ 6 points :) If you like income ...you buy...or start watching for an entry of fat yield.

[leftovers]

selling some 18 puts here !

[TRUSTUNITS1000000]

Wonder if headed south where too

[Spicknspan]

T will not be the only company having these problems

[Dubster watching]

Short term buying opportunity is what my opinion is. Long term also for those with the stomach.

[tw0122]

AT&T crashes as Americans can't afford to pay their phone bills
Today(ZEROHEDGE) - Shares of AT&T fell on Thursday after CEO John Stankey said that customers are starting to put off paying their phone bills - which resulted in the wireless carrier cutting this year's forecast for free cash flow by $2 billion, Bloomberg reports. Shares fell as much as 11% in early trading, the company's| USSA News

[Dubster watching]

I had a couple of decent buys. My best position today was $18.30.
I don’t hold T so even though they still send me a check twice a month I’ll sell this off within hours if I get want I’m expecting.
GL

[Dubster watching]

Nope. Still trading this lovely beast.

[bar1080]

You didn't disappear... again, did you Dubster???

[OMOLIVES]

OK...

[Ksweets101]

AT&T is evil

I guess DISH is now apart of Time Warner’s (AT&T) extremist left wing agenda.

AT&T is the largest controlling interest of the Time Warner monopoly. They own CNN, HBO and hundreds of other companies.

Basically they have set up a company that controls your access (utility) to information, and what you see. Many times with no other option.

Starlink is set to provide affordable high speed internet/ information with zero speech restrictions to every square inch of the world- with little to no ground infrastructure (end game).

A fight is brewing right now as their lobbyist horde decends on DC- with the intention of preserving and building their monopoly that controls almost all of what some folks see and hear.

“Dish Network signed a 10-year agreement with AT&T that makes AT&T the primary network services partner for Dish MVNO customers. It's worth at least $5 billion.”

[leftovers]

AT&T (NYSE:T) declares $0.2775/share quarterly dividend, in line with previous.

Forward yield 5.38%

Payable Aug. 1; for shareholders of record July 11; ex-div July 8.

[Dubster watching]

My recent position accumulation is nice and green. It’s nice to have a T in my portfolio for a bit.
Looks like good positioning, great assets, lowering debt and with growing cash flow.
I know some really smart people that work there. ??

[TRUSTUNITS1000000]

Wonder where headed

[TRUSTUNITS1000000]

80’s blue chip company

[TRUSTUNITS1000000]

Saw the profit on this board wowwwwww

[Afterhoursearnings3]

Long term gold at these prices. Short term pain, but starting a long position. Dividend is great here.

[OMOLIVES]

That WBD spin off is getting very close to my sell off target @ $13.

[OMOLIVES]

ok.

[Ksweets101]

AT &T about to get kicked in the balls .
Long term they have a lot to worry about.

Starlink just launched a “RV” service with no waitlist- standard equipment fee and $25 add on for roaming.

A sign of things to come.

[OMOLIVES]

This is now the sweet spot for T ... solid base line.

[OMOLIVES]

Looks as though the WBD spin off is getting closer to my extreme $13 sell off target. I highly doubt it will get there(no way in hell)...but it's dropped a rough 27% ...lol.

Meanwhile...T is just being T..which is fine and dandy :)

[OMOLIVES]

! HA! ... :

AT&T reported first-quarter revenue of $38.1 billion, just short of analysts’ consensus estimate. That figure includes WarnerMedia, which AT&T spun off just days after the first quarter ended. Sales were down 13% from the same period last year, when DirecTV and Vrio were still in the company’s portfolio. Today’s AT&T looks very different than it did a year ago.

Excluding WarnerMedia and Xandr, the telecom-only AT&T had first-quarter revenue of $29.7 billion, an increase of 25% year over year.

I hope this is an omen ...and AT&T has finally figured it out. It only took twenty years...lol. Sometimes admitting defeat and cleaning it up..can do wonders. The timing was impeccable.

[OMOLIVES]

Gee ...what cable company is different...besides some rare local one. More importantly though...why in God's name would you have that to begin with?

:)

[rwwine]

Cancellation of Uverse 300 service took 2 phone calls speaking with hard to understand Customer Service representatives, 27 minutes of my life I will never get back. At least I will save $210/month going forward. Done and done…

[catty]

Owning CNN could be a drag on either T or WBD

[conix]

T Chart

[catty]

chessmaster: I never liked T because of what I felt was poor management. Don't know if that's changed.

[chessmaster315]

Ameritrade shows "$18.01" as my "cost basis" for T. Im sure that was after the value of WBD shares was deducted.

For WBD, Ameritrade show $23.32 as cost bases, and, my WBD is "up"
14.8 percent. Im guessing, that means if I sell WBD the 14.8 percent gain is taxable, but the WBD shares of the spinoff were not taxable.

Im interested in knowing if others show similar or the same numbers as a cost bases for WBD and T.

[chessmaster315]

Its okay. I like listening to "more than just" the bullish long shareholders, who are often trying to "justify" their investment.
If you have reasons you dont like T, please speak your peace.

[chessmaster315]

Like yourself, I kind of expected a WBD selloff. I figured most people holding T, were looking for that nice divie, and really did not want to hold a non divie payer growth stock.

However, Im not the ONLY one with a bit of a diversified portfolio including both divie and growth stocks.

I kept my "net" dividends the same, before and after spinoff, by adding to my QYLD (an ETF) position. Of course I had to sell off some other growth stocks, as I hold not much cash.
Cash, IMHO, is the worst investment available. (Cash, that is, checking savings, and money market accounts). The interest on savings checking CD,s etc, is almost always less than inflation..for the past 10 years or more. Then you have to pay taxes on the "gain" (interest earned), which is not a real gain at all, the interest earned falls way short of keeping up with inflation. Thus, I hold very little cash except emergency cash.

[chessmaster315]

Im also holding T and WBD.
T has been beaten up by analysts..they really never like the acquisition of Time Warner. I dont really get it, many companies diversify from their main business. GE does "lots and lots and lots" Of stuff besides selling light bulbs and refrigerators. (There is a GE Aircraft engines plant not too far from me, for example)
The downside is that T will, (or has) fallen off The "dividend aristocrats" list. Im not exactly sure that T deserves to be taken off this list, because, while the divie did go down by about half, when you add back in the value of WBD shares, it was, or likely will be, a dividend increase.
Of course, it probably comes down to "Is the WBD spinoff" shares a divie, or is it a spinoff?
At least one person called the spinoff "a special dividend".
I agree that I would much rather have the WBD shares than a "full" 52 cent quartely divie.
This said, people buy stocks for different reasons, and many are grouped into 3:
1. Stocks for growth (pay no divies)
2. Stocks for dividends. Just collect the divie and dont worry about the pps because you plan on keeping the shares for a very long time.
3. Both of the above. (pays a smaller divie, but reinvests in improving the company leading to growth.

I completely understand this. I have divie stocks, and I have growth. Mostly, tho, my "bigger" money goes into divies, and only about 20 percent or so goes into more speculative growth stocks. I like my dividends!
Of course, you need to do your own DD because "too high a dividend" is often unsustainable. I did not think T's 52 cents was "too high", but not all shared that view.
In addition to T, my favorite divie stocks are EPD and QYLD. Epd is a pipeline, with 20 year history of increase dividends. Qyld is an ETF which sells covered calls on many big name stocks like Apple, Amazon, Microsoft, etc. EPD is paying around 7 percent while Qyld is around 12 % divie.
I consider Qyld, T, EPD as "low risk", but steady at pumping out higher yields.

[OMOLIVES]

Yeah..way better than I expected.

[OMOLIVES]

I'm a little shocked by the increase in price...but I'm not complaining. If there is any sell off...which there should be?..lol....It won't be as bad now.

[chessmaster315]

The WBD shares, which most T shareholders now own, as a result of the spinoff, are mostly rated "buy". B of A, rated WBD as a buy, and a price target of $45!!!!!!! Source: TDA "market watch"
Im glad I held my T shares when many were yelling "sell".
This may have something to do with WBD trading up 8 percent today.

[bar1080]

So far, holding both looks good. Can't say I understand the moves. But over the decades I've had remarkably good luck with spinoffs. Several became >10-baggers, but after decades. T was a very minor holding of mine and not worth much effort. Unlikely I'll sell either.

Looking for some tidy articles explaining what happened... articles like this one
https://seekingalpha.com/article/4500951-att-warner-bros-discovery-market-rewarding-shareholders

[catty]

FYI: I have no position in T and probably never will. Therefore I really shouln't be posting here. Good luck to all.

[luckydd]

There was an error made in the split amount shown Friday. It has been corrected according to Schwab. But close of today my account showed basically double of what I’m supposed to get -Almost fainted. Tomorrow should be correct amount.