Except for CVX and COP which I bought at $84 and $49 the rest of my oil stocks are all up from when I bought them. I added to all of them today as well and I am at 66% of my target. I intend to keep these for at least a year or if oil collapses below $33 which I don't think it will. COP and CVX are already yielding over 5.5%
You buy when there is blood in the street, and there is plenty of blood in the street, black.
Investing in oil stocks to me is a no brainer. We'll see in a year or 2
But dang!! you gotta admit its been a looooooooooong time to laugh.
And still waiting.... in the meantime bears and Stephenson have been laughing at longs for so long their tummies hurt
I see, so you quote the analysts that say it will go to $40 but dismiss the one that comments on how Stephenson really thinks.
You are right lets stick to the facts. At the beginning of the year T stood at $33.59 and now at $34 while T-Mobile was at $27 and now at $41. You tell me which CEO is delivering better results for its shareholders? And yes, if I were long (and I happen to still own 100 shares of this dog) I would be alarmed given T's performance in Stephenson's 8 year reign. He has done nothing for shareholders and its been one blunder after another. He opens his mouth and stock drops 1%. The guys is a disaster as a CEO and my beef is with him really; although I blame shareholders for not voting him out of office with their shares.
BTW, I am my own id, I don't write as anyone else and I don't have another id other than "inforgood", an id I used years ago and haven't used since; unlike other writers on this blog who change ids like they change underwear. I happen to agree with smalls but we have had our disagreements too but it doesn't mean we have to resort to name calling. You call it like you see it and I do as well.
This is exactly why CEO Stephenson is a horrible CEO and should be fired.
To all the longs on this board that thought he was going to expand globally like Facebook, Amazon and Netflix there you have it. He is getting AT&T smaller not bigger. Stephenson thinks small. He thinks 100 million wireless subs and 25 million video subs is a lot.
Zuckerberg (FB CEO) and Netflix think 1 Billion customers is a start!.
This CEO and his "yes sir" managers must go. And shareholders need to sell and move on. Merrill Lynch and other analysts want to push the stock so they can dump it and move on.
Is it because Stephenson presented a solid growth strategy? No, not at all.
Is it because Stephenson articulated a path to higher earnings and revenue growth? Not really , no.
According to this article because Stephenson told them that AT&T is an "expert working through revenue transitions between legacy and emerging products for many years". Stephenson s a joke and these analysts are in T's pocket because no intelligent person can buy that argument.
AT&T Sells DirecTV Case to Analysts -- Market Talk
BY Dow Jones & Company, Inc.
17:01 EDT - AT&T made its case to investors yesterday why buying DirecTV was smart even though the pay-TV industry appears to have begun a long decline. Investor's didn't seem moved -- the stock closed down 0.6%. Some analysts were more impressed, though. "We believe the combination with DirecTV uniquely positions the company across the US and Mexico with a triple play offering in and out of the home," analysts at Raymond James said. A Wells Fargo note lead with, "T: Making Their Case--And We Believe It." The subtle item analysts at Citi found compelling was AT&T's argument that the carrier has been an "expert on working through revenue transitions between legacy and emerging products for many years." Soon, investors will get to find out for themselves if past is prologue on AT&T's
A. Because they owe a ton and are hoping people will buy so they can unload.
B. Because they are paid for Randall Stehpenson to save his #$%$br />
C. Because they are blind.
D. All of the above
I will go with D Steve!
Ding ding ding ding!!!
That's right! Do not sell them because we say so. Sell them because in 8 years price has gone nowhere while the market has gone up 100%.
Don't waste your time with this horribly managed telecom loser. Now is the time to buy into energy stocks. Today we had a nice pullback. In 1 year you will be happy you bought them.
And T-Mobile up 14!!
Someone is doing something right and it ain't Randall Stephenson
I don't care how many dividends T paid
I still have 1000 shares of this dog left that I bought when it was floating in the low 33s but as I suggested you do my shares in CVX, COP, EOG, OXY and ETP are up handsomely more than making up for this piece of $hit. I am looking at BP and Royal Dutch but waiting a bit till Euro stabilizes.
I think there is still time to jump on the sale of the century: oil stocks. They are way oversold. It may be wise to buy some to keep it on the radar and wait for a pullback to test lows. Give them a year or 2 and you will be very happy.
Much happier than this horribly managed company. I would like to buy more T but not until this management is replaced which I don't think will happen any time soon.
TMUS already is eating T's lunch. Look at the stock prices year to date. T-Mobile is killing AT&T
And so is Netflix.
Typical CEO Stephenson, overpromise before the closing and underdeliver right after the closing and having to commit. This guy is the biggest loser in telecom. Every other CEO is eating his lunch and moron shareholders keep paying him 10s of millions for a less than mediocre performance.
Fire Stephenson, a constant disappointment.
All these morons that keep changing their aliases every other week for whatever personality complex they have that "keep buying" and defending management read on: GET A CLUE!
This is not about new bundles or a-la-carte. This is about selling services to billions of people like Facebook, Google, Netflix and Amazon are doing. AT&T paying Stephenson 10s of millions to sell services to 300 million Americans and 100 million Mexicans at a lower price while Netflix sells to 7 billion consumers around the world. Its game over for AT&T gens.
Simple math. AT&T charges $200 to 25 million customers across Mexico and US. and generates $5 billion a month in revenues. A tenth of that in profits and cannot grow in an overcrowded market except taking share.
Netflix charges $8 to 2 billion customers around the world and makes $16 billion a month in revs almost all in profit and still has 5 billion more customers to grow into.
You think pennies Ray you get pennies. You think dollars you get dollars
number projections seem to be underwhelming
unless T comes out with a global-takeall-strategy stock will never even reach 36
As usual Stephenson overpromised and now will underdeliver.
After 18 months he and his cronies have been unable to develop and launch a truly differentiating product line that fits the times. A lot of interesting assets. Very little brains (management). All they did was come up with a bundle of a cell phone with a satellite dish for less money.
If you read the PR wire they came up with this morning you read shortbrained CEO Stephenson "proud" of saying we have "premier assets" coast-to-coast. His (new) competition (GOOGL, FB, NFLX, HULU, AMZN) sell their video and communications services globally to billions of customers.
And therein lies the difference: one thinks US, the others the world. And yet Stephenson gets paid more than those other CEOs. That is how dumb shareholders are.
In the meantime I continue to build my warchest of oil stocks which will pay me handsomely in 18-24 months: EOG, OXY, CVX and ETP
Some quotes from CNBC article:
"Media stocks were battered this week as investors appeared to lose faith in entertainment companies, as fears intensify about clients scaling back on traditional cable packages.
Some industry watchers say the worst is yet to come, as big media's strategies for adapting to the fast-growing over-the-top service model could be making its troubles worse, at least in the short term.
The media conglomerates once insisted that so-called cord cutters—people who forgo big cable bundles in favor of Internet video—would have very little impact on the overall market. Now, the traditional outlets are working fast to adapt to the new atmosphere with hopes of limiting the downsides of the evolution.
But licensing content to streaming providers will ultimately make consumer interest in watching linear television decrease at an even faster pace, he said.
"This is really the industry literally doing it to themselves and you're seeing the pain that's just starting," Greenfield said, adding that its current survival tactics will ultimately hurt advertising and drive people toward outside on-demand platforms."
I know most blind longs on this blog just bash and never do any research or analysis of the market T is in. So let me summarize for you. In the last week the content bundlers (TWX, CMCSA) and the content providers in bed with content bundlers (DIS, FOXA, etc) all fell between 10 and 15% in just a few days (DIS -13%, TWX -12%, etc.
And if you had heard their conference calls (which you probably did not) all of them admitted that cord cutting (AMZN, HULU and of course NFLX) are killing their business.
Maybe Smalls is right after all. DTV=AOL
I am talking about buying now and holding for at least a year persimoron. And yes I would but COP and XOM and EOG and OXY and holding for a year or more. You buy when there is blood in the street. And if it falls I will buy more. Oh, I see you live in a mobilhome. Never mind.