Large Cap / Telecommunication Services
AT&T Framework Agreement Announced
On November 30, 2011, China Telecom and AT&T * have signed a strategic framework agreement to expand their existing relationship in order to deliver advanced global solutions to multinational companies. This announcement builds upon the long-standing relationship between AT&T and China Telecom, and the success of Shanghai Symphony Telecommunications Co., Ltd. - a joint venture formed between AT&T, China Telecom and Shanghai Information Investment Co. in 2000—the first Sino-foreign telecommunications services joint venture in China. The announcement states that AT&T has been in China for more than 20 years and was the first and still the only foreign company to form a telecommunications services joint venture in China. AT&T’s Asia operations have been in place for more than 30 years, with extensive experience serving MNC customers in one of the most diverse regions in the world.
* The corporate release states that AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
Read More Purchase Recommendation Updates
Identify & Profit from Distressed Investing
Turnaround Investing Blog
In nearly every case, the shares of a company in bankruptcy become worthless. In very rare cases, however, they can become great investments. W.R. Grace (NYSE:GRA) shares produced a 75-fold return, as an example. With California utility PG&E (NYSE:PCG) now in bankruptcy, the range of possible outcomes for its equity is wide.
EV/EBITDA: What Is It & Why Are We Using It More?
In reading recent editions of The Turnaround Letter, you have probably noticed that we are increasingly using EV/EBITDA as a valuation measure, rather than the better-known price/earnings multiple. We thought it might be useful to describe this measure and why we like it.
Turnaround Letter Stock Pick Named Top Performer of 2017
What Last Year's Top Stock Pickers Are Buying in 2018
This Forbes write-up follows up on the recent Top Stock Tips report--naming The Turnaround Letter's Crocs recommendation the top performer of 2017: With 90% gains, CROX beat out 100 other investment ideas included in the report; and the stock continues to have value investing appeal, according to Putnam.
George notes, "We see additional upside for the stock in 2018 as management's efforts continue to bear fruit, though the gains will likely be more muted than we saw in 2017."
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