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Barron's Streetwise

The Bull Case for AT&T

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 15 March 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

Top telecom analyst Peter Supino at Wolfe Research explains his upgrade. Plus, Disney battles a board takeover with a cartoon duck. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This Podcast is brought to you by Alex Partners.

0:03.0

Read the results of the fifth annual Alex Partners.com.

0:18.6

AT&T just might make for the best stock even though it's not the best telecom company.

0:20.8

Hello and welcome to the Barron Streetwise Podcast. I'm Jack Howe.

0:25.0

And the voice you just heard, that's Peter Sepino.

0:28.0

He's an analyst at Wolf Research,

0:31.0

and he recently upgraded AT&T, which isn't all that popular on Wall Street, to an

0:36.2

outperform rating. We'll hear why. We'll also collect Peter's thoughts on the Peltz

0:42.2

proxy fight for Disney. There's a guy named Nelson Peltz. He's known for

0:46.5

slashing costs in the cookie business and he says that Disney is doing it wrong and he can do it better and he wants a board seat, too in fact,

0:54.0

and there's a vote coming up.

0:55.0

We'll get into it.

0:57.0

Listening in is our audio producer Jackson. Hi Jackson. Hi Jackson. Hi Jack.

1:05.0

I want to get into AT&T and I thought I would begin by describing the corporate history and I opened up an infographic of that and I don't know

1:15.0

I opened up an infographic of that and I sent you a link do you see it there?

1:16.0

Oh yeah, I don't know I don't know where to begin.

1:19.0

What do you what how would you describe this thing?

1:21.0

This looks like one of those species origin of the species

1:25.0

chart that begins with like the single cell organism at the top and then you have

1:29.8

the entire diversity of life on earth.

1:33.2

It looks to me like, like, I like to think that I understand the rules of football.

1:37.6

Like, you know, there's, there you got some runny guys and there's some catchy guys and there's one throwy guy and you got a

...

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