As Investors Cheer AT&T Earnings Report, An Old Moat CrumblesMark Melin
The tele-com giant ended up near 5% Wednesday and up near 2% today after the latest AT&T Earnings Report had some outwardly negative news. As analysts have been watching the traditional cable business model wither, the diversified telecom conglomerate said it lost a record 351,000 traditional cable subscribers, providing ammunition to detractors. So with the apparent confirmation of the bear “moat loss” thesis in a traditional business model, why are the likes of Macquarie’s Amy Young so positive? It appears a new business model . . .
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