AT&T cancels share repurchase because they'd get lit up if doing it in today's environment.

Mar 20, 2020
9:49:46am

Tokolosh Intervention Needed

AT&T cancels $4 billion ASR, previously planned to start in April

AT&T Inc. disclosed Friday that it was canceling the previously announced $4 billion accelerated share repurchase (ASR) planned for the second quarter,...

https://www.marketwatch.com/story/att-cancels-4-billion-asr-previously-planned-to-start-in-april-2020-03-20[https://www.marketwatch.com/story/att-cancels-4-billion-asr-previously-planned-to-start-in-april-2020-03-20?siteid=yhoof2&yptr=yahoo]

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Tokolosh

Bio page: Tokolosh
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Last login: May 8, 2024
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AT&T cancels share repurchase because they'd get lit up if doing it in today's environment.

Tokolosh Intervention Needed

3/20/20 9:49am

Their stock is undervalued and they have cash . . . Seems like now's a great

jkccoug

3/20/20 9:52am

They also have a mountain of debt. I've been a shareholder for quite sometime and their debt burden concerns me.

Pimpin4Paradise

3/20/20 10:40am

Debt is a tough thing not to have in their business. I liked owning it because

jkccoug

3/20/20 10:49am

No stock is undervalued with the crap kind of management they

BeyondTheMark

3/20/20 12:37pm

<< Deleted >>

Abe Froman

3/20/20 10:07am

But they are a high profile company. A move like that would be lambasted on social media...

Tokolosh

3/20/20 10:16am

They should get lit up for not doing it.

SnickSnack

3/20/20 10:08am

Looks like the stock is being punished today

pegushin

3/20/20 10:48am

As it should.

jkccoug

3/20/20 10:50am

Even better for AT&T. Buy back the stock at even lower prices.

SnickSnack

3/20/20 12:13pm

Good point

AT&T cancels $4 billion ASR, previously planned to start in April

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