industry - Basic Preliminary Indications: Common Stock...

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Basic Preliminary Indications: Common Stock • Earnings per share: 0.63 (2nd Quarter 2008) • Shares Outstanding: 5.89B • Number of Shares Holders: 1,649,713 • % of Shares Held by Insiders: 0.06 • % of Shares Held by Institutions: 60.00% • Past Growth Rate %: 88.61 • Dividend Rate/Share: 1.60 • Dividend Payout: 0.40 • Dividend Date: 8/01/08 • Ex-Dividend Date: 07/08 • Yield: 5.17% • P/E Ratio: 14.0 • Trailing 12-Month P/E: 14.0 • Forward 12-Month P/E: 9.46 • Market Stock Price Beta: 1.09 • Market Stock Price 52-Week High: 42.97 • Market Stock Price 52-Week Low: 29.72 • 52-Week Change: 1.34 • 50 Day Moving Average: 32.00 • 200-Day Moving Average: 36.08 • Quarterly Revenue Growth (yoy): 4.70% • Quarterly Earnings Growth (yoy): 29.90% • Book Value per Share (mrq): 18.995001 Preferred Stock No Record Bonds “The recent bond information that I can find was in 2001. AT&T was expected to launch a $5 billion bond offering in November of 2001. AT&T was expected to issue the bonds in three tranches of 5-year, 10-year and 30-year notes. The telco has been under pressure to refinance about $6.5 billion in commercial paper— essentially an unsecured obligation that a company issues to finance its short- term credit needs. Commercial paper terms usually range from two to 270 days. Late last month, Moody's Investors Service dropped AT&T's long-term and short- term credit ratings, pushing the company into a lower-tier market from which it is more difficult and expensive to access commercial paper. And on Oct. 29, Standard & Poor's placed AT&T's long-term debt on CreditWatch with negative
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implications. In a conference call on Oct. 30, S&P credit analyst Richard Siderman said that if AT&T decides to keep AT&T Broadband independent, it could possibly achieve an A-minus rating, making it the best rated cable company in the industry. The best rated company in the sector today — AT&T Broadband suitor Comcast Corp. — has a BBB-plus debt rating from S&P (Multichannel).” After these publications I was unable to find any information regarding bonds Industry Analysis: Permanence of the Industry The telecommunications industry is divided into wireline and wireless. Wireline telecommunications are primarily service organizations. The wireline business has been undergoing changes since the 1980s. The monopoly held by AT&T was broken due to a court issued Modified Final Judgment in 1984. This split the company into eight separate parts: AT&T and seven separate regional Bell operating companies (RBOC’s). AT&T was acquired by SBC Communications Inc., but still remained known as AT&T. After 1984, some of the larger telecommunication companies provided local phone service, while others offered long-distance service. Independent telephone companies were allowed to sell out-of-state, long distance service from within their territories. In 1996 The Telecommunications Act opened up the diversity and competition
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This note was uploaded on 11/21/2011 for the course ORGANIZATI 201 taught by Professor Pope during the Spring '11 term at Ashford University.

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industry - Basic Preliminary Indications: Common Stock...

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