- Using the old T&T pun, AT&T set off a bomb when it announced it would spin off its media business around WarnerMedia to merge it with Discovery.
- Some investors say the Discovery deal changes everything. I prefer to let the dust settle. And if everything changes now, then, from my point of view, it changes for the better.
- I think the situation looks better now than before the Discovery deal.
- Income-oriented investors (like me) should get a grip on their emotions and look at the numbers.
- The Warner spinoff ends up being exactly what Paul Singer had in mind when he invested in AT&T through his hedge fund.
For further details see:
AT&T: Control Your Emotions