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The New AT&T

T

TheBigA

Obviously the business model of AT&T has changed and evolved over the last few years. Now that the former BellSouth has basically expanded as wide horizontally as it can, in terms of owning telecom companies, it has been seeking to expand vertically into media ownership with its purchase of Time Warner. It's interesting to me since AT&T was a founding company is radio ownership, at one time owning radio station WEAF in NYC, but then selling it to help form NBC. That was at a time when they saw themselves as a transmission company. Clearly that view has changed. Here's an interesting conversation with the company's Randall Stevenson about what it means to the company as it expands into media and content ownership:

https://www.bloomberg.com/graphics/2019-opinion-att-hbo-hollywood-plot/
 
Ironically that when AT&T was forced to split up the baby ate the parent and the whole thing got bigger than ever.
 
Don CT said:
Ironically that when AT&T was forced to split up the baby ate the parent and the whole thing got bigger than ever.
Click to expand...

Exactly, and that was the real story behind the TCA of 96, and further changes in legislation have allowed telecom to go into areas they never would have before.
 
Randall STEPHENSON is executing this strategy poorly. AT&T would be wise to no longer retain his services.

Not much of note in the Bloomberg piece.
 
TheBigA said:
Maybe, but the stock just hit a 52 week high on Friday. Someone approves.
Click to expand...

https://www.bing.com/search?q=AT&T+...-10&sk=&cvid=19ED7B7737FF4115BF9504F2248D224A

The stock was at $35.90 five years ago and $38.95 today. Barely 10% when the S&P 500 has nearly doubled in that timeframe. Any upward movement of the stock is because the company can be broken up for more than its present price. It's a pitiful performance. No one with even a basic understanding of stock value would've brought a 52 week high up in the stock at this level as any validation of the current management approach.
 
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