39% Annualized Return And AT&T
Chris DeMuth Jr. • 175 Comments
Chris DeMuth Jr. • 175 Comments
Going Long Leap Wireless: More Than A Leap Of Faith
Helix Investment Research
Helix Investment Research
Wed, May 25, 11:12 AM
- In a surprise revelation, AT&T (NYSE:T) made a bid for Yahoo (YHOO -2.1%) and is still in the running for the core Internet business, Bloomberg reports.
- They were out of the offing according to earlier reports. But they kept involved in the process through a stake in YP Holdings -- which was involved in the early round in April -- and while YP isn't pursuing the transaction any longer, AT&T is still around.
- The interest from the telecom giant would present a formidable challenge for presumed frontrunner Verizon (NYSE:VZ). But Verizon didn't submit one of the highest first-round bids, a pair of the sources said.
- The process has another week or likely more time to play out.
Tue, May 17, 7:52 PM
- Speaking at the NCTA's INTX conference, AT&T's (T -0.5%) Entertainment Group Chief John Stankey says the company's recent moves point the way to a "digital bundle" that could bring reluctant potential customers to pay TV.
- The company's move yesterday to acquire streaming technology provider Quickplay Media is part of that, he says.
- The goal is to combine long-form, short-form, mobile and premium content into a new arrangement, Mike Farrell notes. And "we own the entire technology stack to deliver to end users."
- Mobile "allows you to try a lot of different things," Stankey says, admitting he's not sure exactly how an effort to bring in new consumers will take shape.
- Now read AT&T Makes A Long-Term Move »
Mon, May 16, 9:16 AM
- AT&T (NYSE:T) is acquiring video provider (and existing partner) Quickplay Media from Madison Dearborn Partners.
- Terms were undisclosed. Quickplay specializes in over-the-top and "TV Everywhere" service, and already supports AT&T's authenticated-subscriber offering on U-verse and is working on the company's upcoming streaming offerings (DirecTV Now, DirecTV Mobile and DirecTV Preview).
- They expect to close the deal in mid-2016, and AT&T will retain Quickplay's 350-plus employees and contractors.
- Now read How To Retire On $15 A Day »
Mon, May 16, 7:53 AM
- Alongside Berkshire Hathaway's (BRK.A, BRK.B) roughly $1B new stake in Apple in Q1, the company slashed its ownership in Procter & Gamble by 99% to 315K shares, and completely exited its 46.6M share holding in AT&T (NYSE:T).
- Berkshire raised its stake in Phillips 66 (NYSE:PSX) by 23% to 75.6M shares.
Fri, May 13, 7:57 PM
- AT&T (NYSE:T) is expanding its equipment installment plan to cover accessories as well, for items up to $400.
- That covers some pricier items like Bose speakers, and could drive more accessories through its retail outlets -- and signals that the success of EIPs is taking firmer hold. The company says 90% of its Q1 smartphone sales used its EIP (or were bring-your-own-device), vs. subsidized contract-based sales.
- The offering is only available in stores, and only for one accessory per number or two per account.
- T-Mobile had launched EIP support for accessories in 2014.
- Now read AT&T And The Indian Challenges »
Fri, May 6, 5:14 PM
- India's red-hot telecom market may be sizzling further as a Times of India report suggests that AT&T (T +0.6%) and Virgin Media (LBTYA +0.2%) may be preparing to re-enter the country.
- The two companies could re-emerge as mobile virtual network operators, according to government sources who say the companies expressed interest in getting involved again. But the MVNO route could just be a foothold ahead of a "huge quantity" of spectrum (more than 2,000 MHz) set for auction there in the second half.
- MVNOs just got approval from the interministerial telecom commission on March 28, the report says.
- AT&T had largely left the country in 2005, pulling out of a joint venture that eventually became Idea Cellular.
- And Virgin Media entered in 2008 through the same mechanism that AT&T did: a partnership with Tata Group. But it also moved out a few years later, and has passed into control by Liberty Global.
- Now read AT&T Has Surprised Again »
Wed, May 4, 4:58 PM
- AT&T (NYSE:T) is breaking up a 15-year hosting partnership with Yahoo (NASDAQ:YHOO), electing to give most of that business to Synacor (NASDAQ:SYNC).
- Synacor has jumped 56% in after-hours trade; YHOO is flat in postmarket action.
- In return for hosting AT&T's Web and mobile portals, Yahoo had shared revenues from the sites with the telecom, while AT&T customers got access to Yahoo's search engine and media services on the AT&T portal.
- Yahoo's share came to about $100M/year, which will now go to Synacor, a company with a market cap of $44.5M.
- Yahoo will still keep a small piece, continuing to host mail for AT&T customers. Yahoo says only that AT&T is still a "valued partner."
Mon, May 2, 7:55 AM
- April monthly performance was: +0.42%
- $0.19 in dividends were paid in April
- Top 10 Holdings as of 3/31/2016: Exxon Mobil Corporation (XOM): 3.51%, AT&T Inc (T): 3.5%, Microsoft Corp (MSFT): 3.01%, Apple Inc (AAPL): 2.86%, Verizon Communications Inc (VZ): 2.85%, General Electric Co (GE): 2.34%, Chevron Corp (CVX): 2.27%, Johnson & Johnson (JNJ): 2.27%, Procter & Gamble Co (PG): 1.95%, Wal-Mart Stores Inc (WMT): 1.85%
Mon, May 2, 7:30 AM
- April monthly performance was: +1.25%
- 52-week performance vs. the S&P 500 is: +7%
- No dividends were paid in April
- Top 10 Holdings as of 12/31/2015: General Mills Inc (GIS): 3.41%, Coca-Cola Co (KO): 2.73%, Campbell Soup Co (CPB): 2.68%, AT&T Inc (T): 2.57%, Heineken NV (OTCQX:HINKF): 2.37%, The Kraft Heinz Co (KHC): 1.98%, Eli Lilly and Co (LLY): 1.9%, Exelon Corp (EXC): 1.88%, Walgreens Boots Alliance Inc (WBA): 1.87%, PPL Corp (PPL): 1.82%
Fri, Apr. 29, 12:34 PM
- There were few surprises in preliminary voting results from AT&T's (NYSE:T) annual meeting, as shareholder proposals went down to defeat.
- The company's 12 directors were all re-elected with at least 94.7% of the vote, and shareholders also approved the company's auditor, executive compensation and incentive plan by margins of at least 90%.
- All three shareholder proposals lost, though the lobbying report proposal gained the most favor (66.1% voted against). A proposal on a political contributions report failed with 71% against, and a push for an independent chairman failed with 76.3% against. Randall Stephenson is chairman, president and CEO.
- Now read AT&T: More Signs The Rally Is Over »
Tue, Apr. 26, 8:18 PM
- After trading up in the immediate after-hours aftermath of Q1 earnings, AT&T (NYSE:T) turned lower before making up some ground during its conference call and finishing the postmarket session -0.7%.
- Investors' eyes were on an eye-popping drop in U-verse video customers (of 382K), which more than made up for DirecTV's gains (328K) for a net 54,000-customer loss, as well as declines in new wireless customers.
- CFO John Stephens still expects to end this year with positive video subs growth: “In the second half, our ability to add future integrated products and expand the wireless bundle further will grow customers,” he said, pointing to not only an exclusive NFL Sunday Ticket out-of-market package, but also good signs from a wireless/video bundle it's offering.
- The wireless business, meanwhile, lost a higher-than-expected 363,000 (branded postpaid phone) connections; Verizon lost about 8,000 in comparison, while T-Mobile added 877,000.
- Now read about the major problem when it comes to AT&T performance in AT&T: Boom Goes The Dynamite »
Tue, Apr. 26, 4:16 PM
- AT&T (NYSE:T) has moved up 0.6% in early minutes after its Q1 beat profit expectations and revenue came in line.
- The DirecTV acquisition goosed revenues to a 24% Y/Y gain and profits per share increased nearly 11% Y/Y. DirecTV merger synergies are on track to hit $1.5B or more by year's end, CEO Randall Stephenson said.
- Revenue by segment: Business Solutions, $17.6B (up 0.3%); Entertainment Group, $12.7B (up 124%, includes DirecTV); Consumer Mobility, $8.3B (down 5.1%); International, $1.7B.
- North American wireless net adds of 2.3M were driven by connected devices, Mexico and Cricket. Branded phone net adds (postpaid and prepaid) came in at 712,000.
- Total video subscribers were down, but in keeping with its apparent viewer-shift strategy, DirecTV showed 328,000 net adds in the U.S. (vs. U-verse net drops of 382,000).
- For now, ahead of the company's webcast, it says only that full-year guidance is "on track."
- Conference call to come at 4:30 p.m. ET.
- Press Release; AT&T investor briefing
Tue, Apr. 26, 4:02 PM
Tue, Apr. 26, 4:34 AM
- eBay (NASDAQ:EBAY), Twitter (NYSE:TWTR), AT&T (NYSE:T) and Capital One Financial (NYSE:COF) are among the companies who are scheduled to join Apple today in releasing earnings reports.
- Analysts expect that eBay's Q1 EPS slipped to $0.45 from $0.48 a year earlier as revenue fell 53% to $2.08B.
- Twitter's EPS is seen rising to $0.10 from $0.07 and revenue surging 39% to $607.8M.
- The consensus for AT&T is that EPS grew to $0.69 from $0.63 while sales jumped 24% to $40.5B.
- Capital One Financial's EPS is estimated to have declined to $1.91 from $2 even though revenue may have climbed 9% to $6.16B.
Mon, Apr. 25, 5:35 PM
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Wed, Apr. 20, 3:48 PM
- Pacific Crest has lowered estimates for AT&T (T -0.6%) and Verizon (VZ -0.7%), after their survey shows phone upgrade rates getting lower and hitting "air pockets" as cycles lengthen.
- "We believe the shadow of the iPhone 6 cycle and the relatively uncompelling iPhone 6s are contributing to low current upgrade rates, particularly at AT&T," they write -- though that could change with a compelling new iPhone.
- The effect is a near-term loss that could become a long-term gain, the analysts say, as purchasing devices is one of the carriers' biggest costs. That might result in a different business model, with lower equipment cost and SG&A, and higher adjusted EBITDA margins.
- The firm has trimmed its expectation for AT&T's next-quarter revenue to $41.3B from $41.8B, and for EPS to $0.73 from $0.74. For Verizon, it's lowering next-quarter revenue forecasts to $32.1B from $32.7B, but bumping EPS expectations to $1.05 from $1.04.
- A pickup in estimates could yet arrive for those two firms in Q4, they say.
- Digital Media analyst Andy Hargreaves ranks No. 85 out of 3,895 analysts on TipRanks, while comms services analyst Michael Bowen ranks No. 2,849.
- Now read Thinking Of Selling AT&T? Read This First »
AT&T, Inc. provides telecommunication services and products, including wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking and wholesale services. It operates business... More
Industry: Telecom Services - Domestic
Country: United States
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