The Worst Mistake AT&T Investors Can Make Right Now
AT&T's (NYSE: T) stock has declined about 15% over the past five years, woefully underperforming the S&P 500's 50% gain over the same time frame. The telecom giant struggled with an ongoing loss of pay TV subscribers, tough competition in the wireless market, and a massive debt load from its acquisitions of DirecTV, AWS-3 spectrum licenses, and Time Warner.
AT&T's fragmented streaming efforts, a clash with an activist investor, and a CEO change also raised questions about its long-term plans. To make matters worse, the COVID-19 crisis delayed new theatrical releases from Time Warner and the production of new shows and movies.
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Source Fool.com
