- AT&T continues to make significant strategic pivots. After expansion into media verticals was the story of the decade, AT&T is reversing course and spinning off its media businesses.
- This will help the balance sheet, but it leaves AT&T with the same lack of upside that tempted it to seek out its media businesses in the first place.
- The stock looks cheap but is cheap for a reason. Sometimes "buying when there is blood in the streets" is more cliche than sound advice.
- Ultimately, investors are left without an answer to the question: "Why should one buy the stock?"
For further details see:
AT&T: The Question Investors Need Answered