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AT&T, Inc. Message Board

  • sean_erickson2000 sean_erickson2000 Dec 7, 2013 3:45 PM Flag

    Earnings overstates by $1.5 billion a year

    The amortization of prior service credits by itself makes it appear that pensionand postretirement costs are $1 billion lower than what would otherwise be reported. Combine that with still rosy return assumptions of 7.75% and you are approaching an opearnings overstatement of close to $1.5 billion. Granted that still a pe of around 14.5, but does change the story somewhat.

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