AT&T's Turnaround

• AT&T, after a period of questionable acquisitions, has refocused on fiber broadband and 5G.
• This strategic shift, predicted by Peter Subpino and discussed on a previous podcast episode and Barron's article, has led to a significant stock rebound (46%).
• The company's investor day presentation emphasized continued investment in core services, debt reduction, and shareholder returns (dividends and buybacks).
• This 'well-behaved oligopoly' approach has resulted in subscriber growth, increased revenue, and stable customer retention.
• AT&T's renewed focus and financial discipline make it a potential success story, contrasting with struggling companies like Intel, whose CEO recently departed.