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SWBTATTReg

(26,409 posts)
3. AT&T is worth a lot more than the stock price indicates. Existing management has run it...
Mon Sep 9, 2019, 02:26 PM
Sep 2019

into the ground by constantly buying up crap and expanding the corporation's reach, but not much more than that, e.g., the stock price is still stuck at it's 2008 price roughly. And they kept buying crap. If I were in active management of AT&T (fair disclosure, I was in management for 30 years +-). It's been very disappointing for tons of former AT&T workers / retirees / etc.

And by the way, one guy / one company buying 3.2 billion dollars worth of stock? This is nothing. Especially for a 200 billion dollar company (last I have heard)...

I got rid of my stock way back in 2008 +- timeframe. I got tired of the stock just sitting there and literally doing nothing but going down in price constantly. Really disappointing.

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