| Maybe a strategy here I wonder if there's a bit of strategy going on here. Even if Stephenson really believes this, and I have no doubt he does, he's in a bind because investors don't think so. Expanding U-verse is expensive, but the investors don't want to invest in capex because they want their profits now. Stephenson may be trying to get them used to the idea that the fiber has got to be laid, if not now, then soon. |
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| Yes we do want CapEx its the quick buck holders that cry when AT&T spends a penny on anything, as that may impact them getting a .44918671616 dividend vs a 44918671617 one. |
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| Unfortunately, it's the short-term traders who are driving much of the market right now. Look what happens every time a company doesn't report increasing profits. Their stocks take a hit, never mind the fact that we're in a down economy, so, naturally, profits will be down. Sure, the economy will bounce back and profits will improve, but these guys want their return NOW, the long-term health of the company be damned. |
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| And it pisses people like me who bought into companies because they overall have a good opinion of them, hell I lucked out getting in on Ford at 2 bucks and changes a share, and look where it is now. And yet I hold it still. |
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| And it also pisses me off because it prevents needed infrastructure upgrades, as well as R&D on radically new products. These things cost money but don't necessarily pay off in the short term. But they're very necessary if your company is going to stay competitive. But the day traders don't care about any point past the moment they unload a particular stock. All they want is a quick stock price jump, and reinvesting profits doesn't do that.
I swear, if the current investor mindset had been in effect years ago, organizations like Bell Labs and XEROX PARC would have never existed. |
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| Exactly, They only care about the stock long enought for it to go up a 1/10th point, only to sell it and then its AT&TwHO? |
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