AT&T permanently closing more than 250 stores, cutting 3,400 jobs

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This sucks for the employees but investors should see it as cost-cutting measures. I’d consider this bullish.

alwayslookingout

What is the expected impact on stock price?

heilaonajh

Got to pay those dividends somehow.

therealowlman

I’m surprised telecoms still have stores open. Customers would have a much better experience AND the company would save money if they ditched storefronts entirely and then expanded virtual support.

vvv561

The bull perspective is that AT&T has moved enough of their business now to remote services and in-store partners (Apple, Target) that they no longer need to maintain their legacy specialty stores. You don’t need an AT&T store in the same mall as a Best Buy. Their investments in remote customer service and retail partnerships are now ripe for harvest (cost reduction).

Physical telecom stores are a relic from an era when device management needed to be done in person and consumers weren’t ready to trust brands without a physical option for customer service. It’s 2020 now.

If you want to freak out about something look at commercial real estate. I’m keeping an eye on strip malls in medium sized cities along the gulf coast for 2021 purchase. I don’t really know how it’ll recover so maybe I’m just catching a falling knife but I expect a bloodbath in those high cap strip malls in the next 6-12 months. Those B class properties were leveraged out the ears for ~6% cap rates for about 5 years and now all their tenants are, best case scenario, at severely reduced capacity — the ones that aren’t outright closed. Many owners will be forced to sell and buyers aren’t interested in dying retail. There’s a shopping spree in the making. What are these AT&T husks going to become next? There’s opportunity for whoever sees and aids that transition.

koggit

20yr loses 700k on Robinhood options, takes life

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this is scary how quick you can get into trouble with margin.

is there anywhere on RH where you can see how much margin you currently have used/owe? Just tried to check and do not see anything besides opening up prior months account statement.

nodirection12

At 20 years old with no assets he probably could have declared bankruptcy and started over. 7 years to get it off his credit report and the rest of his life ahead of him. Sad story 🙁

I actually have seen a bunch of people posting huge negative RobinHood balances over at /r/wallstreetbets and as mentioned by another poster here, apparently it’s a bug/issue with their interface that can cause that to happen overnight and the negative numbers disappear the next day when the rest of the option leg(s) is exercised.

Snowie_mays

Guys any amount of money lost is not worth taking your life. It’s just money pieces of fuckin paper comes and goes yea. God dam I’m really sorry for your lost. What really matters is health, family, friends, life… Don’t commit suicide guys.

aznology

Owing Robinhood 700k kinda sounds more like their problem than his.

ZamsTheTank

A lawyer would’ve solve that problem easily. At large enough $ its more of their problems than yours

bighand1