Financial Management
Please discuss the following topics. Make sure to give YOUR opinions in your words!
1.AT&T reported its 4th quarter and full-year earnings on 1/27/2021. The company said revenue came in at $45.7 billion, versus analysts’ $44.5 billion forecasts and $46.8 billion a year ago. AT&T’s adjusted earnings before interest, taxes, depreciation, and amortization fell 10% to $12.9 billion, short of the $13.3 billion consensus estimate. The company reported 75 cents in adjusted earnings per share, which excludes the write-down and other one-time costs, including a pension adjustment and merger-related amortization expense. AT&T estimates that Covid-19-related impacts subtracted a further 8 cents per share from earnings last quarter. Excluding adjustments, AT&T lost $1.95 per share in the fourth quarter due to the write-down of its DirecTV business by $15.5 billion. AT&T weighs the potential sale of its pay-TV assets, and executives focus their investments on newer technologies. Going forward, AT&T offered guidance that calls for little to no growth in sales and earnings in 2021likely much softer than many investors had been hoping for.
The earnings release of AT&T can be found at https://www.sec.gov/Archives/edgar/data/732717/000073271721000009/t-4q2020exhibit991.htm
In your opinion, what was AT&T’s overall performance during 2020? Does this performance surprise you? Support your answer. Refer to the graphic entitled Segment operating revenue (please find the WSJ article under the reading assignment). How do the components of this graph further explain the overall company results? Last October. Hedge fund Elliott Management Corp criticized AT&T’s longtime CEO’s acquisition strategy and called on the company to shed some assets. The investor, which has tangled with Samsung Electronics Co. and the Argentine government, also suggested that AT&T name new directors to its board. Based on the results reported by AT&T, are you convinced that AT&T has a solid strategy in the long run compared to its competitors? Justify your answer.
2. WSJ published an article last December discussing the booming of venture capital. The venture-capital-backed IPOs during the week of December 7th, 2020, of DoorDash Inc. and Airbnb Inc. cap a string of listings that have helped make this the most lucrative year on record for IPOs in terms of money raised. More than $157 billion has been raised as of December 10thover a third of that in the past 11 weeksand the number of listings in the largest since the final hurrah of the dot-com boom in 2000. The soaring public offerings are showering returns on some of the biggest names in tech investing, in particular Sequoia Capital, which backed both DoorDash and Airbnb as well as cloud-computing company Snowflake Inc. and videogame company Unity Software Inc., all of which ranked among the year’s 15 biggest listings, according to Dealogic.
So, what factors make the recent spate of IPOs particularly surprising? What factors appear to be supporting recent IPO valuations? Discuss the concern raised in the article that recent IPOs are “an example of how the pandemic has widened the country’s wealth gap.” Do you agree/disagree? Why/why not?
Get Your Paper Before the Deadline. Our Services are 100% private and Confidential
Useful Links That Will Help You Around
Link to new order https://studentsolutionsusa.com/orders/stud/new
link to login page https://studentsolutionsusa.com/orders/login
New user registration link https://studentsolutionsusa.com/orders/register
Forgot Password https://studentsolutionsusa.com/orders/forgot/password
FREQUENTLY ASKED QUESTIONS
Question: How does this work?
Answer: Good Question. We are a group of a freelance board of students and professional essay writers. At our website, you may get help with any type of academic assignments: essay, coursework, term paper, business plan, case study, article review, research paper, presentation, and speech. Top writers can help with complex assignments such as dissertations, thesis papers, etc. All of them are professionals possessing excellent knowledge in their field of expertise, perfect writing skills, quality, and speed. When you place an order on our website, we assign it to the best writer. Once the writer finishes the work, the paper is submitted to our quality assurance desk who go through it and ensure it is unique and plagiarism free and that the instructions were followed to the detail. After this step we upload the paper in your account, we also send a copy to the email that you used to register the account with. we can guarantee you that the paper will be 100% plagiarism free. Besides, our services are 100% private and confidential
Question: How do I place an Order after getting to the order page
Answer: There are three major steps in the ordering process
Step 1 ....................................................paper details In this step, you will fill in the instructions of your paper; you can upload any materials that you feel will make your assignment a success. Besides, you can also email us at [email protected] Remember to specify the correct academic level. Please note that sources mean the number of references.
Step 2...................................................... Price calculation Kindly specify the number of pages, type of spacing and the correct deadline. This step will give you the estimated cost minus discount -- you may add the extra features if you wish.
Step 3 ....................................................discount and payment Use the discount code HAPPY2018 to enjoy up to 30% discount of your total cost After this step, proceed to safe payment; you can checkout using your card or PayPal Please note we will send the complete paper to the email you will provide while registering. A copy will also be uploaded to your account
Question: How will I know when my paper is complete? or How will I get the complete Paper?
Answer: Once we are done with the paper, we will be uploaded to your account. A copy will also be sent to the email you registered with. We can guarantee you the following:- 1. Our service is private and confidential; we don't spam or share your contacts with anyone 2. The final paper will be plagiarism free. We will send a Turnitin Report to the email you registered with 3. At our company, willing to do free unlimited revisions until you are satisfied with your paper
Question:- Am a new client, How can I get the guarantee that the paper will be completed and sent to me before my deadline?
Answer: Thank you for expressing your concerns. We would love to have you as our loyal customer. We are certain if we do good work, you will come back for me. Besides, you will give us referrals to your friends and family. For that reason, we can’t fail to deliver your paper within your specified time frame. We will ensure we submit the paper on time so that you can have enough time to go through it, if you have problems with the paper delivered, you can request a free revision. You are entitled to as many revisions as you would wish until you get a paper that satisfies you
Useful Links That Will Help You Around
Link to new order https://studentsolutionsusa.com/orders/stud/new
link to login page https://studentsolutionsusa.com/orders/login
New user registration link https://studentsolutionsusa.com/orders/register
Forgot Password https://studentsolutionsusa.com/orders/forgot/password
