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I guess I'm down on AT&T 'cause I lost a bundle back in 2001 on AT&T shares


I hated that AT&T with a vengence. But this AT&T is SBC that swallowed the old company and took the name for recognition purposes. Of course the money had to come from somewhere, if they know how to use money well, issuing shares and not taking on debt or killing all cahs makes sense. It is the path I prefer a company to follow (unless it is an Exxon or Bershire/H with too much cash), I prefer keeping debt down even if it means a diluted share - but the added value of BS mitigates that.

Thanks for your thoughts though I appreciate them.
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