Times Up, Told You So, DirecTV is Dead
AT&T is reportedly trying to sell DirecTV to private-equity investors just five years after buying the satellite provider. The negotiations with potential buyers come after millions of customers ditch...
Forum Discussion
theoldwizard1 wrote:
AT&T "corporate" is so screwed up I sold a large percentage of their stock because I don't know how they can continue paying their dividend.
Until sometime in the 1990s, the "fat cats" at AT&T headquarters did not need to do much knowing their billions of miles of copper was worth billion of dollars ! Even when they started to get nervous their plan was "fiber to the neighborhood", abandoning much of that asset in place. FTTN was paired with U-verse. These two cost the company billion to roll out. I have yet to meet one person who would say they had a good experience with U-verse.
In the past 20 years or so, they have had the "reverse Midas touch". Everything they touch turns to coal. As you drive through suburbia, you still see billions of mile of copper telephone wire hanging on poles. Some is dead and the rest is under utilized.
I don’t worry how they pay their dividend but enjoy it 4 times a year.
