While some people may delight in today's terrible day, this is not a bridge jumping moment. It also doesn't mean to stay away from sharp objects. To say this is the end of the world doesn't play either.
Maybe the report didn't set well with some investors. Less than 24 hours ago, some buyers saw fit to plunk down 39.00 a share. There is no way in hell the earnings (or lack of) report warrants this kind of selling pressure. But it is what it is.
How does anyone explain a company take a 4 Billion dollar hit and barely blink...then take a 5% hit for a report that hardly can be described as lackluster? One thing I won't write is this is a "buying opportunity". In a sense it is, but we would have preferred upside movement rather than a jolt like this.
Once things settle down and investors come to their senses, they will seek the respectable dividend and look forward to T re-starting where we left off at last nights close. Profit taking was inevitable. The report gave the profiteers the opportunity to cash in. T will get it together and continue its modest price appreciation and continue paying the nice dividend we are accustomed to.
Trollers, shorters and the haters will say "told you so". Don't concern yourself with them or the current circumstances. Tomorrow will probably rebound some and in a month or two, today will be forgotten.
Agree. Investors that are coming back to the equity market are looking to buy stable large caps that pay a nice dividend (3%+) as they just can't get any yield at the local bank or from bonds. This company offers an exceptional yield for those that want to diversify away from MLP's, REITs, and closed end high yield funds, and they really don't care what the rev growth is as long as it is positive and EPS is also climbing. Given that, one can assume they will always have a chance to get out of it at a profit in the longer term, while collecting a great comparable yield. Give it a couple of days and it will begin moving right back up as other large caps have after missing their revenue number.