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The third quarter of 2021 was an objectively good one for AT&T, but investors who have been burned over the years won’t be won back so easily.
The company is in merger limbo, and there is considerable hate from the investor community for the ride that management has taken shareholders on. That includes a pair of enormous acquisitions and subsequent divestments in less than a decade, a coming dividend cut, strategic shifts, and poor stock returns over the years.