This stock will bottom eventually but the action of this stock gets worse each day. The cost over runs and dropping the ball on the potential gift the administration granted them awhile back is disgraceful. Imagine where shares would be if the 10 year was 2.50%-3%. This company has been run like the XOM's and CVX's just like an ATM assuming the revenues just keep coming and that's good enough.
Not with this poor PRASM number they put out today. Let's see if it can get some back in the regular session.
continues to pile on debt to the balance sheet. Any company that does that even in this low rate environment without significant growth to earnings or revenue will see their share price continue to decline. I shorted this on that news bounce in the AH on Feb 5th at $8.50 (although I still hold long shares from the VZ deal) and covered soon after but it shows you the amount of decline in the shares. I will watch this for a further drop to possibly get in but this is not a cheap stock and is all or some of the dividend at risk? Yes they are expanding their territory but at what cost? Their debt to cash ratio is a mess and Wall Street is now watching that closely.
No you need the CEO to leave or the 10 year at 1% to make T go up. It is pretty sad with the 10 year pulling back the past week or so T cannot get out of it's own way.
You may be right paying way too much into the future for the earnings and ALTR's earnings have not been that robust but it appears that this was the cheapest of the bunch but probably still over paid.
I have had it on my screen this morning pulled way off the early high with stocks like this you have to be very careful very small market cap.