TBB - AT&T: The Market Just Cannot Stop Worrying
2024-02-07 16:57:07 ET
Summary
- AT&T Inc. had a successful quarter and year, beating raised guidance and putting controls in place to lower downside risk.
- The market focused on "weak guidance" compared to expectations, but upside surprises are likely to result when management knows how to play the guidance game.
- AT&T management is addressing challenges and making progress, with the decline of legacy businesses expected to be less material over time.
- The pension liability transfer counts as eliminating liabilities just like a cash payment.
- The growing businesses appear to be doing just fine. That augurs well for the future of AT&T Inc.
AT&T Inc. ( T ) just closed on a very successful quarter and year . Management noted during the conference call that guidance was raised, and management beat the raised guidance. But the market has not realized that this management appears to know how to play the guidance game while putting controls in place to lower downside risk....
AT&T: The Market Just Cannot Stop Worrying