Fri, Aug 1, 2014, 7:04 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

AT&T, Inc. Message Board

  • HappydaysareHere HappydaysareHere Dec 17, 1997 11:18 AM Flag

    I am bullish on AT&T

    1.I am bullish on AT&T and IMHO, AT&T will devastate this company called WorldCom. No contest. Major consultants are telling their clients to switch to AT&T.

    2. Those who try to draw parallels between IBM's turnaround and AT&T are hopefully wrong. Why? IBM slashed the dividend from $5.00 to $1.00. AT&T has kept the dividend the same. I don't want to even think what will happen should AT&T decide to cut the dividend. IBM is repurchasing shares with the resulting savings which in a way inflate the earnings.

    3. IBM's share price appreciation occurred in an up market. Frankly, I am not completely sure that one can rely on an up market for the next two to three years. AT&T share price during the coming years, in part, will depend on what the market does.
    The brokers use the terminology of "market performer".

    4. The company says cost reduction of $2.6 billion for 1998 is on schedule. To achieve these cost reductions, obviously AT&T will incur costs and for that reason I am unable to do the microanalysis. However, major brokerage houses expect AT&T to earn $3.60 for 1998 as opposed to earlier forecasts of $2.96.

    5. IMHO, AT&T's share price currently reflects the most optimistic scenerios, but again, keep in, the market direction is a major determining factor too.

 
T
35.33-0.26(-0.73%)Aug 1 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.