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ATT Stock

Posted on 7/17/23 at 4:26 pm
Posted by kengel2
Team Gun
Member since Mar 2004
31033 posts
Posted on 7/17/23 at 4:26 pm
Tanking right now. Yall think these lead cables are the end of ATT or is this a buying opportunity?
Posted by Double Oh
Louisiana
Member since Sep 2008
18197 posts
Posted on 7/17/23 at 4:30 pm to
Dead stock
Posted by PotatoChip
Member since May 2014
3668 posts
Posted on 7/17/23 at 4:35 pm to
It’s been tanking since I can remember. Looks attractive bc of dividend, but carries more debt than just about any other company in the world
This post was edited on 7/17/23 at 4:39 pm
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4467 posts
Posted on 7/17/23 at 6:06 pm to
Don’t fall for it. Been burned by it so many times now. I’m done.
Posted by beaverfever
Little Rock
Member since Jan 2008
32818 posts
Posted on 7/17/23 at 6:10 pm to
It’s been a value trap as long as I can remember.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14508 posts
Posted on 7/17/23 at 6:23 pm to
I own verizon and starting to worry that i now own another ATT that will drop into the teens and never return to 30. Maybe dumping this soon even with the div.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
49002 posts
Posted on 7/17/23 at 6:32 pm to
I'd rather own a 4% yield stock with some growth potential.
Posted by DabosDynasty
Member since Apr 2017
5179 posts
Posted on 7/17/23 at 7:11 pm to
What’s the alternative investment? Just Amazon basically?

Clearly we’ll have cell phones and other devices for which they provide internet for a subset of customers aside from cell phones so if these two are dogs, what is the alternative telecom play?
Posted by bayoubengals88
LA
Member since Sep 2007
19101 posts
Posted on 7/17/23 at 7:35 pm to
quote:

Yall think these lead cables are the end of ATT or is this a buying opportunity?
How many companies that still exist can say that its stock is at a 31 year low

Compare the SP500 or Berkshire Hathaway to T over the last 30 years. Yikes.
This post was edited on 7/17/23 at 7:37 pm
Posted by masoncj
Atlanta
Member since Jun 2023
289 posts
Posted on 7/17/23 at 8:55 pm to
Verizon C band spectrum is gonna become available for rural and suburban areas in Dec of this year.

I really think you will start to see a fundamental shift in how home internet is consumed. Fixed wireless access is going to take the place of cabled internet in 10 years

Not a question of if but when

Verizon coverage area is best in the country…I am not betting against them long term

Att is totally different story due to their high debt load and major investment into content as opposed to delivery of content
Posted by Teddy Ballgame
Member since Jul 2023
19 posts
Posted on 7/17/23 at 9:17 pm to
Price is rolled back to 1989, but probably still a value trap.

If they cut the dividend look out below.

T and VZ struggle now.
Too much risk of additional costs due to dealing with lead issue, and potential litigation.



Posted by Billy Blanks
Member since Dec 2021
3824 posts
Posted on 7/17/23 at 11:17 pm to
Why not just buy bonds at 5% if looking at these?
This post was edited on 7/18/23 at 1:41 pm
Posted by go ta hell ole miss
Member since Jan 2007
13672 posts
Posted on 7/17/23 at 11:50 pm to
quote:

what is the alternative telecom play?


There are so many other areas that are better than telecom. If you are a gluten for punishment and insist, T-Mobile. They’re showing some signs of fatigue, but still better than Verizon or ATT.
Posted by Jag_Warrior
Virginia
Member since May 2015
4155 posts
Posted on 7/18/23 at 8:15 am to
quote:

If you are a glutton for punishment and insist, T-Mobile. They’re showing some signs of fatigue, but still better than Verizon or ATT.


Being that I’m not a glutton for punishment, I’d go with none of the above for $100. But yes, I’d agree that if one absolutely has to roll the dice, T-Mobile is also the one I’d go with (and close my eyes afterward).

A poster kept arguing last year that “AT&T isn’t going anywhere… won’t go out of business!”. While likely true, that’s one of the very worst reasons to buy any stock.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14508 posts
Posted on 7/18/23 at 8:22 am to
Yeah i remember him. I believe he also didnt know they were cutting the div as well. He was angry people were questioning AT&T. Well if he still holding this after the div cut and the stock dive then that's on him.
Posted by 632627
LA
Member since Dec 2011
12830 posts
Posted on 7/18/23 at 10:09 am to
quote:


Clearly we’ll have cell phones and other devices for which they provide internet for a subset of customers aside from cell phones so if these two are dogs, what is the alternative telecom play?


This is what I can't wrap my head around, the world revolves around mobile and internet. T and vz, along with tmus are the 3 national mobile providers and are also involved in home internet.

I don't understand how T and vz can perform so poorly. (T i get due to failed ventures into DirecTV and such)
Posted by j1897
Member since Nov 2011
3586 posts
Posted on 7/18/23 at 12:31 pm to
quote:

I really think you will start to see a fundamental shift in how home internet is consumed. Fixed wireless access is going to take the place of cabled internet in 10 years




:rotflmao: :rotflmao:

I don't even use wireless 2 feet from the router.
Posted by masoncj
Atlanta
Member since Jun 2023
289 posts
Posted on 7/18/23 at 1:59 pm to
What…not following you?
This post was edited on 7/18/23 at 2:00 pm
Posted by 98eagle
Member since Sep 2020
1993 posts
Posted on 7/18/23 at 4:05 pm to
(no message)
This post was edited on 7/18/23 at 5:57 pm
Posted by makersmark1
earth
Member since Oct 2011
16052 posts
Posted on 7/18/23 at 4:20 pm to
I allowed emotion to make me maintain a position in T.

Should have sold it all years ago.
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