interesting (Barrons) letter to the editor / AT&T stuff ..........................................
Mailbag
May 28, 2021
Staying Long AT&T, or Taking Flight?
To the Editor:
I’m staying long AT&T (“AT&T Was Punished for Its Dividend Cut. It’s Time to Buy the Stock,” Cover Story, May 21). Even if CEO John Stankey doesn’t move the stock up, I believe that Discovery will turn out to be a winner. Here’s why: 1) spectacular content, unlike other services; 2) John Malone endorsed this deal, and I don’t believe he would have done so unless he felt the deal added tremendous value; and 3) eventually, it’s possible that Discovery will be acquired by Netflix, Amazon.com, or Apple. All three companies are going to spend billions on controlling streaming in the future. I expect ViacomCBS to be the first to be sold, once controlling shareholder Shari Redstone realizes that there’s no chance of going it alone. Let’s see what happens over the next five to 10 years.
Dan Buffettman, On Barrons.com
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