who has held T and has been patient over the past several months, and then hears about this "fabulous" IPO and holds his shares a lot longer than he would have wanted, this is a crummy way to end up. The stock can barely hold 50 and has been in the same trading range for months. The IPO has done nothing for my shares, and in fact has depressed them in the end. What a waste of time and money T has been. All the while I could have been invested in something with any kind of a return, like my semiconductor investments which have actually made me some decent money. Unbelievable.
All the while I have gritted my teeth and held my shares while they can't even get my phone service correct. They say they'll call at this time on this date, and I take time to sit by the phone and wait, and guess what... NO CALL!!
is a big disappointment. I'm also disappointed in my own judgement and how wrong I was. I didn't think that the wireless segment of T was fully priced into the market value of T, and obviously I was wrong. But also shame on Armstrong for leading shareholders on with his statements about how the tracking stock would unlock the true value of T. No big winners here except the AWE underwriters and of course T corporate because they got the investment capital they wanted. The shareholders are sucking the hind one again.
And I am RARELY as outspoken about stock disappointments as this:
THEY SHOULD BE ASHAMED OF THEMSELVES AT AT&T by the way this was handled. It really is all about them, and the shareholders are selling T to buy the tracker because it's cheap to do so.
Oh well, live and learn I guess...
The likelinood is that the IPO price will stabilize somehwere lower than here later this year and then start a steady climb. It's still a hot sector after all. What am I left with for now? A company that sells cable services and long distance--without the thing that makes it most attractive. Fudge.