Thumbs down on Warren Buffet and Thumbs up on nige-co. Nige-co is one of the wealthiest men in the World ? - NOT
"As for the parade, it is indeed full of llown's with people posting Buffett bought AT&T when it was shares created from the DTV deal."
He got em cheap. He could have sold them That's why he's Mr Buffett and not an anonymous troll.
ATT's value attracting savory investors like Warren Buffet , as of Sept. 30, Berkshire owned 59.3 million shares of AT&T, after owning none of the telecommunications giant's stock as of June 30.
When I read an article about nige-co conclusions about ATT, then I will give your ramblings more credence.
Berkshire's henchman found a greater fool in Randall Stephenson. Good for them, bad for AT&T shareholders as pay TV market barrier collapses.
As for the parade, it is indeed full of llown's with people posting Buffett bought AT&T when it was shares created from the DTV deal.
Today is Mr Buffett's day. Quit trying to pee on the parade.
Come back tomorrow.
And just as an aside, was it you or nige who wrote that Berkshire was out of DTV because of T?
AT&T's DirecTV merger is about bloated dividends, not grand strategy May 19, 2014
"...But the motivation behind AT&T’s planned acquisition is probably far simpler. It appears that AT&T is simply trying to increase its cash flow to afford the high returns it’s paying investors. “This deal is less about grand strategy than it is about buying cash flows to support AT&T’s bloated dividend payout,” claims MoffettNathanson analyst Craig Moffett."
There is no error window. The S&P 500 has a total return that has smoked AT&T since Stephenson became CEO. Their comment is that the S&P 500 total return will continue to beat the total return of AT&T. That goes without mentioning the diversification the S&P provides while holding just T exposes one to that collapsing market moat in pay TV bundling.
Ah and we can see how smart you are, what a DF !
by aka_elrod • Oct 12, 2015 7:31 AM
If I sell some of my shares after the record date but before I receive them -Nov 2 I believe- do I still get the dividends for those shares?
FBEC looks like it is ready to break higher. The chart has been consolidating and recent press could propel the stock to new highs as investors take notice.
Vanguard Group, Inc. (The) 350,760,811 5.70 11,427,787,923 Sep 30, 2015
State Street Corporation 254,138,750 4.13 9,027,008,400 Jun 30, 2015
Evercore Trust Company, N.A. 203,435,816 3.31 6,627,939,292 Sep 30, 2015
BlackRock Institutional Trust Company, N.A. 160,711,277 2.61 5,708,464,559 Jun 30, 2015
Capital Research Global Investors 100,038,134 1.63 3,553,354,519 Jun 30, 2015
BlackRock Fund Advisors 80,374,898 1.31 2,854,916,376 Jun 30, 2015
Bank of New York Mellon Corporation 79,333,642 1.29 2,584,690,215 Sep 30, 2015
Northern Trust Corporation 75,502,380 1.23 2,459,867,691 Sep 30, 2015
FMR, LLC 63,888,673 1.04 2,081,493,094 Sep 30, 2015
Berkshire Hathaway, Inc 59,320,762 0.96 2,107,073,466 Jun 30, 2015
Sentiment: Strong Buy
Google the above title to read the full SA article.
Many investors own AT&T for the high dividend yield, and management realizes that free cash flow will eventually not be high enough to cover the dividend payments. AT&T’s DIRECTV purchase was a short-sighted decision simply to avoid a dividend cut and prevent a mass exodus by shareholders. Due to a lack of real growth opportunities and a variety of significant challenges and risk factors, AT&T does not offer shareholders an adequate total return opportunity.
AT&T may appear to do well in the short term and its stock price may actually perk up (especially considering management's significant short-term incentive program). However, we believe AT&T is not a compelling long-term investment because its wireless business can no longer grow fast enough to offset declines in its wireline business, its acquisition of DIRECTV was short-sighted, poorly-timed and increased risk, and AT&T will be significantly hampered if/when interest rac971a31acb520from both a market rotation out of dividend stocks and by the need for large contributions to its pension plan. From a total return standpoint (dividends plus capital appreciation), we believe the S&P 500 will significantly outperform AT&T over the next decade, and AT&T shareholders would be better off investing their money elsewhere.
Sentiment: Strong Sell
As of Sept. 30, Berkshire owned 59.3 million shares of AT&T, after owning none of the telecommunications giant's stock as of June 30. GLL
Sentiment: Strong Buy
BERKSHIRE indeed found the greater fool in DTV's shares. BRK's AT&T shares are part of that big increase in float with the trade of DTV shares for new AT&T shares with the closing of the deal in 3Q. The question is indeed what he does going forward from here with those shares.