Really? It is cracking me up too. How does DTV purchase provide broadband connections to anyone? It's about earnings, domestic or international, which DTV is flat lined and set to fade with disruptive fiber hybrid technology while VOD future is strong as VOD establishes bundled position in the future of communications and will have the most comprehensive 4G network in a market with less than 50% smart phone penetration. If you fellows want to spam the board with VOD discussion then I'm fine with although we should be discussing AT&T as well as it's planned $68B acquisition.
You kids need to look up the definition of spam. Discussing VOD on the T message board at this juncture is irrelevant/spam. Talking about DTV is not spam. It is very relevant at a true cost of +$68B to T.
it's FUD, not spam. Get it straight. At least I'm on topic. Classic stuff here with the person accusing me of spam is the one going off T topic by bagging on VOD. Now that is hypocrisy at its finest boys.
Strong dividend yield will support T price for some time. Should the DTV go through you will find a number of analysts who do not have the same opinion for the future of satellite TV....let alone Dish's Ergen painting a negative outlook for satellite TV.
You still haven't answered what happened to AT&T in the middle of the U.S. recession.
VOD is no different. Well, it is different. It has a better CEO. Colao is out buying up prize assets in the middle of a tough market. The man is buying when there is blood in the streets. VOD has a leader who buys assets on sale while T has one who chooses to buy a flat growth asset at growth multiples which will be getting hammered by new technology. Apparently you fellows don't follow the adage of buying when there is blood or when hamburgers are on sale. Neither does Stephenson.
Actually straight up isn't quite the case. Go look at last YOY numbers for 2012 and 2013 at 2.949 and 2.995 respective net income which is essentially a flat line. -Net income attributable to DIRECTV decreased 3% to $2.86 billion.- All can be found on DTV investor links. After accounting for share repurchases the fully diluted was a decrease. Burning cash and issuing debt to reduce the share count but on a company wide basis DTV to produce stronger EPS is not growing. Do your DD.
Subscriber growth figures flat lined in its domestic market and Latin America is 2-4%. Apparently DTV estimates no revenue disruptor coming to market. AOL had the same attitude.
Will concur their existing dividend cover is more than adequate but it won't take long when satellite customers who are paying $120-140/month migrate to streaming TV for significantly less cost of about $50/month.
Fully aware. Funny you direct this at me instead of or at least not including Lap Dog who was talking trash when I checked back in after nearly 48 hours of no posting. I was living while Lap Dog was still here posting. I live and participate in a lot more evening and weekend activities than the majority of the T longs making personal attacks here.
You appear to be one of the brighter ones here because you started to post some technical discussion about G.fast. Likely smarter than the rest of the field who resort to attacking the messenger instead of the message.
I see you geniuses are trying your best to avoid discussion of AT&T purchase of DTV. Where is the screaming for "this is the AT&T board"?
Only going to get worse as the DTV boat gets a cannonball to the bow and takes on water. Little dingy going to take on a lot of water at the hands of streaming video. T would be better off leaving the table than renegotiating.
Hey dingbat, what happened to T shares during the U.S. recession? They were on sale and VOD is on sale with a very, very wise positioning for converging communications under fiber as well as 4G deployment for the smart phone penetration which is beginning to ramp up. Less than half of the EU base yet to own a smart phone and VOD will have a +90% 4G coverage in the not-so-distant future. Check those growth numbers in data usage with the 4G deployments that have been made thus far. EU turns up from its economic doldrums and you will think of me when VOD make a heavy march up in stock price. ;-)
I'll take your waterfront property in Florida in the middle of the U.S. recession on the cheap and flip it two or three years later for a 50-100% gain.
So Bill you would have avoided buying AT&T stock when the U.S. was going through its recession in 2008-2009? VOD is on sale boys. Europe economy turns and VOD will have a better value increase than T did exiting the recession....on the back of them using cash rich position to deploy 4G and grab bundling positions on the cheap.
Stephenson grabbed the wrong boat. DTV already has wind dying with flat line subscriber growth and fiber hybrids will blow a hole in their dingy. VOD has been buying the beautiful and most STREAMLINED ship named Fiber when nobody else has the money to buy the top notch EU yachts on the cheap. T could have bought the entire VOD fleet on compressed valuations during this recession but will miss the boat.... All puns intended.
hypocrite? LOL VOD has a huge growth position being established by 4G deployment as well as the strong move into the triple play bundled market which will pay off large as the EU advances out of recession. Couple that turn in the EU with the long, long term growth in emerging markets as well as both emerging market and developed market advance in mobile banking and you have a much, much better position than DTV which has flat lined subscriber numbers.
DTV is a short sighted blunder as fiber and fiber hybrids hammer your position.
I didn't bring it up so you fellas need to chastise Lap dog. I'm only responding.
Read between the lines as VOD deploys market leading 4G position. U.S. smart phone market is saturated. VOD has the grand poobah position of being a consolidating carrier across multiple markets with much of the competition too cash strapped to deploy 4G services. VZ Wireless sale proceeds gave them tons of cash of which they are using a portion to deploy 4G across most of Europe with 91% coverage goal by March '16
Per the VOD earnings transcript: ...trend to use more data continues. Data usage in Europe is not just growing, it is also accelerating with growth of 42% last quarter and 53% in this quarter. This growth is evident in all of our main markets in Europe. This traffic is driven by more smartphones where penetration of the base increased 7 percentage points now at 47% in Europe. As half of the base still don't have a smartphone, there is clearly a lot of growth left.... Get the point of potential for comprehensive 4G deployment providing significant growth going forward as EU eventually exits recession?
Now, Lap Dog, would you rather buy a company with pressured valuations as its largest market struggles to exit a recession OR purchase an asset as its subscriber numbers peak and disruptive technology is about to dislodge its competitive moat? Already know the decision has been made by an Okie who burned $6B in a failed TMUS bid. VOD hamburgers are on sale why DTV burgers are premium priced for growth when the buns have gone stale. Just wait until you have to eat that nasty DTV burger which will be pummeled by G.fast technology accelerating 1 gbps streaming video. Like I've said, VOD will be just fine without a T bid. Meanwhile AT&T will have a nasty case of food poisoning as Stephenson buy meat that is spoiling. Going to make T very, very sick for awhile.
Another decline so the question is when does it bottom. Super fast response to EU 4G infrastructure deployment to data usage increases. Also seeing some bundling before real integration takes hold. Several positives to take away including mobile banking as well as emerging markets growth continues at a strong clip.
In the event the IMF is successful in lobbying the ECB into a QE you will see a rush to grab EU equities and VOD will be a significant target with a real nice yield. Similar to the run experienced in U.S. equities when the Fed went into action about fiver years ago. Then for the ADR holders you have the £ set up for a nice spike when the Bank of England moves on an interest rate hike.
So let us use this in the discussion for pay TV market with incumbent copper/telecoms being the fourth competitor in most suburban markets. DTV, Dish, one cable operator typically with a quasi monopoly on lines and then you have your local streaming telecom such as U-verse or VZ's FiOS. What is the odds of approval for a deal getting blocked when you have U-verse TV removing one of its three other suburban competitors. If antitrust blocks S/TMUS then we should see T/DTV getting blocked.
Overwhelming so much that it is a loss leader product only encompassing 10%. ROFLMAO. 90% of the DTV subscribers will prefer 1 gbps internet and their TV bundle for about $50 less cost/mo.
Already Dish subscriber but they've had some occasional issues. Snow/ice on the satellite is a real pain in the donkey I will get to avoid when 1 gbps comes to roost.
AOL is still around too. From the time of the AOL-Time Warner merger to the AOL fall on its face market moat evaporation resulted in joint market caps to fall to a seventh of the merger peak. Yes, DTV will still be around but the margins and valuation will be crushed. by cheaper streaming TV bundlers.
An Okie who tinkled away $6B in assets in a failed TMUS bid. Nobody should be surprised.
503.8 million shares outstanding for DTV with 1.7-1.9X shares of T to be issued in the deal. Use 1.8 shares for middle ground = 906.8 Mil new share outstanding to pay a quarterly dividend of 46 cents = $417 million in quarterly dividend cost with net income attributable to DTV has been a little over $800 mil per quarter. Nothing to be alarmed about with solid dividend coverage based on those numbers....but the issue is when those margins collapse in satellite TV market with the migration to streaming TV.
One should note DTV subscriber numbers have flat lined in its larger margin domestic market.
Subscribers shutting off DTV now that the World Cup is over? Revenue and profits in Latin America pale in comparison to the U.S. market. The profits in the U.S. market are the concern. Concern because of cheaper cost to install streaming IP TV is being commercialized in the next year. ATT buying an AOL market position.