that Armstrong and Noski have been meeting nonstop with analysts since T lowered its earnings forcaste from $1.92 to $1.87.
Its good to see that smily little liar out hustling his butt to try to save himself.
IMO T will rise to near $57 during the next few months. The reason is that if it doesn't T will have to lay out cash to close the Media One merger. The lowered earnings forcaste may have been nothing more than a very risky PR move on Armstrong's part to temporarily run the stock price down to let big investors in at bargain levels.
Time will tell. My guess is that Armstrong will continue to work behind the scenes with analysts and release more encouraging news and views about the future of T and T will respond by rising to near the required $57 level.
Regarding AWE, Armstrong is playing the smoke and mirrors game with T shareholders. Apparently AWE was fully valued in the share price of T; Maybe over valued. It may be that T has no value to give to shareholders through the distribution of AWE. Even if there is some value there, Armstrong is working overtime trying to figue out how to distribute the shares of AWE to shareholders without giving the shareholders anything of value while the dollars accrue to T for their own use. If one looks at the AWE stock sale last week, nobody benefited except ATT Corporate and of course the underwriters. Armstrong will do the same thing when the rest of AWE is distributed. He will figure out a way to keep all the money right in ATT and shareholders will again shake their heads wondering what happened to all that value that was unlocked. But the truth is the value was unlocked but not to shareholders; Only to ATT for corporate use. Actually it is a brilliant scheme that is legal trickery on the T shareholders.
Armstrong is using the E stocks as a model. The E commerce stocks have lows sales, no profits, and good PR people that realize that most investors don't realize what they are doing. The E commerce companies sell stock and use the capital to sell products to the public at a discount and a loss. When their capital is depleted they go back to the public and sell more stock and do the same thing over again. I'm not saying that ATT is as bad as the E commerce companies; Only to the extent that ATT is going to keep all the money from AWE for corporate use while Armstrong gives the shareholders nothing but false hope. Only the most astute investors or traders will make money with T in the coming months, IMO!