I have not found one good reason for this steep decrease in price. The company does not have much exposure to the EZ. The dividend yield is better or comparable to to most securities in its class. S and T-Mobile does not have a chance to caught unless they both invest billion in their network infrastructures. This may be a challenge for both companies because they are losing costumers while taking on more debt.
T also increased its dividend and is improving its network to generate more revenues moving forward. These are two positive moves by the company and its shareholders.
Short sellers are trying to rip older income investors off here. This is the only thing happening with this stock.
This is really a ridiculous statement. Short sellers are suggesting that long term investors should sell their high yield dividend stocks so they can gain from a decline in stock price. Now they are spreading negative rumors about these stocks. This really implies that they are trying to directly or indirectly rip off their older clients. The regulators should start giving out jail time to them and maybe they will get the message.