| To: bg6638a who wrote (34201) | 7/13/2018 8:28:07 AM | | From: BlueClaw | | | | Re: I don't think I'm the only one here that owns T but I'm curious how the DOJ
AT&T CEO on CNBC this morning.. Although, he kind of expected the merger appeal he doesn't have much of an opinion on why. won't comment on political reasons and said it will be costly but he is accepting it. I'm thinking, WHAT??!.. what about us shareholders of the common stock, debentures, notes, etc.. hope I'm wrong but I'm afraid the needle won't move much on the common for quite awhile. For those of us who bought on the higher side, all we have are the dividends, which I also hope is safe.
GL to us holders.. |
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| To: Lord Xot who wrote (34202) | 7/13/2018 8:58:10 AM | | From: YieldHog | | | | Re: Have my eye on selling some DCP-B now it has risen to $25.25/7.80%. Only reason
Your tough on your preferreds issuing a sell call on DCP-B with a 7.80% yield. DCP is looking good they just refinanced 9.75% with a new issue priced at 5.375% and GS issued a buy rating on the common. Also, the preferred is being added to the preferred stock index.
I am holding and will probably look to add to my position |
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| To: BlueClaw who wrote (34203) | 7/13/2018 9:00:34 AM | | From: JSB | | | | Re: I don't think I'm the only one here that owns T but I'm curious how the DOJ
As a taxpayer, customer, and shareholder, I guess I'll be subsidizing this
stupidity. Yuck.
Otoh, I'm not an attorney but I thought appeals had to be based on a judicial
error of some kind? No? |
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| To: JSB who wrote (34205) | 7/13/2018 11:50:20 AM | | From: Privately | | | | Re: I don't think I'm the only one here that owns T but I'm curious how the DOJ
I am long ATT too.
Appeals of rulings are common as dirt.The government is saying that the judge got it wrong, so they are appealing to a three judge panel at the court of appeals.
ATT (IMHO) jumped the gun on completing the merger. They should have waited until after the appeal period had passed or the gov. said they wouldn't appeal. I think ATT just thought the Trump administration, being fairly pro-business in general, would just walk away. That was a big gamble to take, especially because ATT then did something colossally stupid (from a PR perspective if nothing else) because they had told the judge this transaction would be good for consumers, wouldn't result in higher prices, etc., - then ATT announced they were jacking up prices on DirectTV just a couple of days later. Like they were thumbing their noses at the government and the court.
The gov. can ask (and the court can order) that the companies "unmerge". It isn't common, but it happens. I have been involved in a couple of Unacquisitions/unmergers in my career. Very ugly. |
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| From: david12 | 7/13/2018 11:53:10 AM | | | | | | BDCL--15.5% approximate dividend.
If you believe the economy is stable to growing, then adding BDCL might be an idea here. Traded ex-div today. Might be a good time to add
David |
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| To: BlueClaw who wrote (34203) | 7/13/2018 2:05:13 PM | | From: E_K_S | | | | Re: I don't think I'm the only one here that owns T but I'm curious how the DOJ
AT&T staying course on Time Warner in wake of DOJ appeal
There's no change to AT&T's ( T -1.9%) approach to integrating the former Time Warner now that the Justice Dept. has appealed the court decision allowing the merger to proceed, CEO Randall Stephenson says.
"We're about executing our plan," he tells CNBC from Sun Valley. "We think the likelihood of this thing being reversed and overturned is really remote. It's a very narrow path that would have to be traveled to get this thing reversed in any way."
"The merger is closed. We own Time Warner."
In credit ratings agencies, Fitch expects the government's appeal to fail, though anything's possible with the three judges who are considering the appeal. And Moody's says its ratings on AT&T are unchanged following the news.
The appeal may last five or six months, Stephenson says.
Earlier, AT&T was cut at Raymond James on the news. Meanwhile, Oppenheimer agrees with Stephenson that the appeal has a "low probability" of success. "Unfortunately, it is also likely to keep T's stock under pressure until it is resolved," says analyst Timothy Horan. |
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