'Read between the' headlines. DTV shareholders ended up with T shares during the 3Q as that merger was completed. What will the headlines be as when some of them dump T shares over the next Q or 2?
I would say he was very interested according to his comments. Colao smartly told Stephenson to put up or shut up. Stephenson instead bought a buggy whip with its market barrier set to collapse in DTV. Stephenson couldn't get the hot babe so he settled for an infected latino tranny in DTV that is about to have full blown HIV when bandwidth explodes bringing tons of OTT competition.
....and great for OTT competition
...and BAD for DTV losing its market barrier
I didn't expect this kind of product war until 5G hit the market but it appears Legere appears to be more forward thinking than RS. LTE-A alone is more than enough to support the 4K stream, let alone the 480p compressed offering.
No, even bigger. They got an arm full of cash and VZ shares. VOD has done well better than T....Stephenson's reign has resulted in double digit share price decline since 2007. Talk about putrid. Take a look at the AT&T chart since 2007. Dead.
Again Buffett's LIEUTENANTS got DTV shares cheap that are being broken off in long term AT&T shareholders backside. This wasn't Buffett. Rather, Buffett's hired guns at Berkshire. I'm sure Buffett would have loved to have been given a gift with someone buying Dexter shoes before its market barrier collapsed.
Buffett makes mistakes too. I don't believe his henchman to be of the same caliber but it is still indeed Berkshire.
Nevertheless, this article is garbage in the headline trash posting it was AT&T's value that brought BRK to the table. It was DTV M&A by T that brought BRK into the ownership of AT&T shares. The two Buffett lieutenants bought DTV thinking it had a strong market barrier and found the greater fool in Randall Stephenson.
Berkshire's henchman found a greater fool in Randall Stephenson. Good for them, bad for AT&T shareholders as pay TV market barrier collapses.
As for the parade, it is indeed full of llown's with people posting Buffett bought AT&T when it was shares created from the DTV deal.
"expectations for revenue and cash profit in 2016 to £40.8 billion and £11.7 billion, respectively, and by 2.4% and 1.3% for 2017 to £41.4 billion and £12.1 billion.
"We estimate Vodafone is trading on 7x Mar 17E EV/EBITDA [enterprise value/cash profits], and offers a 5.7% dividend yield," writes Barclays. "This compares to EU incumbent peers on 7x and 4.5% respectively. We estimate the share price is discounting 0% terminal growth at a 7.8% WACC [weighted average cost of capital] - and see this as too pessimistic."
As a result, the broker repeats its 'overweight' rating and 250p price target."
~Backing Vodafone to Bounce Nov. 16, 2015
Given the weak GBP at the moment, VOD should be trading around $38 but I believe GBP/USD is too pessimistic as well with the BOE having as much reason to raise rates as the Fed. VOD should be in low $40's. The India floating in 2016 could help unlock some hidden value in that large growth market.
AT&T's DirecTV merger is about bloated dividends, not grand strategy May 19, 2014
"...But the motivation behind AT&T’s planned acquisition is probably far simpler. It appears that AT&T is simply trying to increase its cash flow to afford the high returns it’s paying investors. “This deal is less about grand strategy than it is about buying cash flows to support AT&T’s bloated dividend payout,” claims MoffettNathanson analyst Craig Moffett."
There is no error window. The S&P 500 has a total return that has smoked AT&T since Stephenson became CEO. Their comment is that the S&P 500 total return will continue to beat the total return of AT&T. That goes without mentioning the diversification the S&P provides while holding just T exposes one to that collapsing market moat in pay TV bundling.
BERKSHIRE indeed found the greater fool in DTV's shares. BRK's AT&T shares are part of that big increase in float with the trade of DTV shares for new AT&T shares with the closing of the deal in 3Q. The question is indeed what he does going forward from here with those shares.
Your U.S. provider should be able to hook you up with a deal to use your existing phone over there BEFORE you travel. IF AT&T won't help you, "The best local SIM cards in Europe" is an old article and I would notate Vodafone has been deploying tons of 4G infrastructure across the EU and is likely as good as those named for France. If you are traveling in more than just France, your no brainer choice is undoubtedly a Vodafone SIM. Good luck.
He will still walk away with full pockets for eight plus years nothing performance and a company mired in debt to purchase a buggy whip company at its market peak.
Exactly but Stinky wants to dance around the fact. I didn't expect this kind of competitive zing for another 1.5-2 years as 5G began rolling out. This will aid in the cord cutting acceleration which hurts the middle man bundler the most, not the strong demand content providers.
VZ's debt is covered by the 45% of the cash flow that previously was Vodafone's share in Verizon Wireless. T's big debt increase is for a satellite TV bundler in the early stages of a collapsing market barrier. Verizon's new debt is mostly spread over 5 years or less bond maturities and projects debt to be halved in that period/restored back to prior debt levels before the buyout. T's bond issue is stretched and cash flow much tighter with the payout taking a solid 20 years based on the DTV cash flow I've discussed here.
Yes, Verizon's debt is MUCH better.
If they did bother to read it they would see AT&T is loaded with debt and a company in the early stages of losing its monopolistic market barrier. The subscriber losses speak volumes. .....and AT&T will plow billions into FTTP that will be getting trumped at the same time by Verizon's 5G network being deployed. Priceless.
You have no valid response as you had your teeth kicked in from such an ignorant post prior. TMUS move is just the tip of the iceberg with monopolistic pay TV barrier collapse.
You're sadly mistaken. The empty suit is sitting at the helm of AT&T. The negative share price performance since his reign began eight years ago speaks volumes. He will leave with his pockets full on the back of shareholders while they hold the bag full of debt and a buggy whip pay TV company to show for it. ....all that after the Billions he cost AT&T with the ignorant loss of valuable spectrum plus cash on the failed TMUS bid.