Should You Be ‘Hanging Up’ on AT&T?

Should You Be ‘Hanging Up’ on AT&T?

Posted On January 31, 2019 2:54 pm

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.

From a…

Continue reading at StockNews.com

Tagged with:

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.