By: Steve Smith
AT&T, once known as Ma Bell, had once been the monopolistic umbilic chord linking people into the telecommunications revolution before being broken up into baby bells.
Its attempt to reclaim consumers’ full attention through multiple acquisitions has failed miserably. It’s time to hang up on this company before share sink even lower.
AT&T reported earnings this morning and they were nothing short of terrible, and investors rightfully spanked the stock down some 5% to around $29.20, its lowest level in a month.
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