T (Update)

AT&T Inc

TMT


Presented:03/03/2017
Price:$42.01
Cap:$259.66B
Current Price:$21.51
Cap:$154.23B

Presented

Date03/03/2017
Price$42.01
Market Cap$259.66B
Ent Value$381.33B
P/E Ratio20.05x
Book Value$20.06
Div Yield0.05%
Shares O/S6,181.00M
Ave Daily Vol20,818,823
Short IntN/A

Current

Price$21.51
Market Cap$154.23B
AT&T, Inc. is a holding company, which engages in the provision of telecommunications and digital entertainment services. It operates through the following segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment includes wired and wireless services to customers who purchased through employer-sponsored plans. The Entertainment Group segment offers video, Internet, and voice communication services through satellite technology and wired network. The Consumer Mobility segment consists of voice, data, and home monitoring activities. The International segment provides video entertainment and wireless services in Latin America and Mexico. The company was founded in 1983 and is headquartered in Dallas, TX.

Please note, this is an update to Short AT&T Inc (T), which was originally presented on 06/13/2016.
Publicly traded companies mentioned herein: AT&T Inc (T), Sprint Corp (S), T-Mobile US Inc (TMUS), Time Warner Inc (TWX), Verizon Communications Inc (VZ), Vodafone Group Plc (VOD)

Highlights

The presenter is short shares of AT&T (T), pairing it with a long on Vodafone (VOD). In spite of bull case arguments for the broader US wireless market, the presenter sees balance sheet and valuation issues with T, as well as an unfavorable competitive position moving forward. In addition, the presenter sees underlying issues with T’s shareholder base, which consists of a large amount of automatic inflows from funds and indexes. The presenter believes an investor can offset the negative carry of T dividend by being long VOD, at which point he can wait until the short thesis comes into play for no cost.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.