Sanrith Descartes
Von Clippowicz
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Investing General Discussion
- Thread starter Furious
- Start date
Jysin
Ahn'Qiraj Raider
- 6,288
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Seems they are getting battered by environmentalist calls to the EPA for abandoned lead cabling left by the telcos (T / VZ etc).
**EDIT**
T hit a 30yr low today
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Tmac
Adventurer
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Jysin
Ahn'Qiraj Raider
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Kind of opens a can of worms of unknown liability. It may seem cheap here, but start getting smashed with lead poisoning fines and lawsuits and it will be an immediate hit to the dividend. Best wait this out a bit. This is likely to be drawn out politically / legally.
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Mist
Eeyore Enthusiast
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Mist
Eeyore Enthusiast
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Well the alternative is you could sell them before earnings like I did with my META last quarter...
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ShakyJake
<Donor>
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I mean, that's the point. If you had kept your shares, would you keep them through the upcoming earnings?
Sanrith Descartes
Von Clippowicz
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I doubt we will see any type of issue. All the legacy telcos were overseen by the 50 public service commissions of the 50 states. The telcos will just say "the state was fine with it, blame them".
Jysin
Ahn'Qiraj Raider
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Sanrith Descartes
Von Clippowicz
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Oh the markets and the lawsuits are two different things entirely. I was speaking strictly to the liability. The amount of miles of lead cables in underground conduit runs is a number that would boggle the mind. Oh and the REALLY funny part is lots of those lead cables were pulled through transite ducts. For those that have never heard of transite...Transite was a brand of asbestos-cement.
Wait until the environmentalists find out all that lead is encased in asbestos. Vast majority of those transite ducts collapsed on themselves decades ago so removing the lead would mean removing the transite. Now, unlike the lead cables, removing those broken transite concrete ducts would be an actual health safety hazard.
ps.. The Federal gubmint cant afford to have T and VZ close their doors over this. If they did the Feds would lose their ability to track all those citizens' every movement via their cellphone gps units.
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Blazin
Creative Title
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My daughter asked me why I bought shares and if the company was doing better. I told her no it's a giant shit salad and a complete disaster all around...which is why I bought shares. Nearing the XOM "Uninvestable" level soon.As a newly minted shareholder,Blazin I would write Bob Iger a sternly worded letter.
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Tmac
Adventurer
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ShakyJake
<Donor>
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There's speculation that DIS will sell some assets off in order to complete the purchase of Hulu.
Also, Doomcock's 'spies' are reporting accounting irregularities discovered at Lucasfilm.
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I never realized it made that much. Just moved money from my bank account to there, may as well earn that while sitting liquid. My account has it in SPAXX , so thats paying over 4 percent? neato
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"This group has a lot of troublemakers in it, and we're here to get to the bottom of it.... And while we're at it.. let's investigate the new retarded kid in the class too!"
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Big Phoenix
Pronouns: zie/zhem/zer
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Remember chinese real estate?
professpost.com
Chinese real estate giant Evergrande records staggering losses of $81 billion over the course of the last 2 years - ProfessPost
China Evergrande Group has recently released its long-delayed earnings report, revealing a staggering combined loss of $81 billion.
professpost.com
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Sanrith Descartes
Von Clippowicz
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Gee, I wonder why they delayed it?Remember chinese real estate?
Chinese real estate giant Evergrande records staggering losses of $81 billion over the course of the last 2 years - ProfessPost
China Evergrande Group has recently released its long-delayed earnings report, revealing a staggering combined loss of $81 billion.