Possibly.....I think it touches the $4.20 area in the regular session. The jobs number can change the range also.
Cover when Sullivan vacates the premises. When the replacement comes in preferably from the outside then the stock will get a pop. This guy has destroyed the company he founded from the back of a truck...which we heard numerous times during the CC.
After yesterdays carnage who would have thought this move? I got out earlier $7.95 from yesterday's buys. Too soon obviously but there will be pullbacks there always are.
I may disagree with you this time. Yes that has been the pattern but with energy stocks near multi-year lows and oil near that March low I think it could be that investors are figuring that oil will hold those lows and this may be a bottom. In a horrible tape it is catching the shorts for sure but this will need a few more days to confirm a possible bottom in the sector. Bottoms do happen eventually this "could" be one.
AT&T welcome to the media sector the timing could not have been worse. You know when the former CEO of FTR was on CNBC about two weeks ago she said RS "gets it" . Like her if loading up your balance sheet with debt then they both get it.
Grant it the markets are at 6 month lows today but the timing of their deal could not have been worse since the media sector is getting killed the past two days and the market has now proclaimed AT&T a media stock. RS bought at the top of the sectors earning....DTV CEO: BRILLIANT AT&T CEO: I'll let you fill in the blank.
It happens every time there s a sustained pullback. They freak out and their negativity is actually fuel for the HFT's to slam the markets more I believe.
Spot on I've been criticizing him and the deal for months now. He has turned AT&T into a media company and look a what is going on there. He is overpaying at a top it's as simple as that.
Look at the media stocks the past two days. AT&T courtesy of the CEO is now a media stock with the overpaying of DTV. His timing on this could not have been worse. I've been posting that this deal reminds me of the desperation overpaying deals all over the place in 2007. With the market down near 160 notice that VZ is down less than T and AT&T had the better quarter weeks ago because the HFT's are pounding the media sector today.
Totally agree look at the media stocks these past two days and AT&T is now a media stock and will be treated as one. This deal will escort RS out the door sometime next year most likely for failing to run a potentially great company. His plan was to chase Sprint to the bottom with all kinds of discounting prior to this DTV deal. These wireless/telcos should have held the line on discounting and stuck it to the phone makers by pulling the subsidies a few years ago.
I agree to some extent but there are potential CEO's out there who would come in with a stock at a bottom and know they can really do no wrong after the prior leaderships debacle ...Hubert Joly at Best Buy is a prime example. They need to get an outsider fast as possible as long as Sullivan is gone otherwise the shorts will continue to destroy the shares.
LL needs to get a good retail CEO in like yesterday and get Sullivan as far away from this company as humanly possible. From his 60 Minutes denial debacle to yesterday's CC the shares will never go up until he is out as CEO. They are shorting it lie crazy even under $12 right now.
No AT&T is now a media stock courtesy of the CEO's grand plan so take a look at the media sector the past two days. This guy is overpaying for a declining sector he will be shown the door within the next year when this deal blows up in their face.
Take a look at the destruction in that sector. Welcome to the timely world of this CEO. The market is factoring in slower revenues in the sector and this guy is spending the crazy billions for DTV whose execs and shareholders will be thanking him.