Tag Archives: overdue

(Bloomberg) — AT&T Inc. fell the most in 20 years after saying some customers are starting to put off paying their phone bills, which contributed to the wireless carrier cutting its forecast for free cash flow this year by $2 billion. Most Read from Bloomberg The emerging economic strain on consumers is adding to pressure the company had already been facing from deep discounts on new phones and higher spending on network equipment. AT&T shares fell as much as 11%, their biggest slide since… Source link

The stock market is entering the danger zone, according to one often overlooked measure of equities valuation.  At its current level of 38 times, the Shiller P/E Ratio is nearing the peak (44 times) seen at the height just before the dot-com bust in 2000, write strategists at SunDial Capital Research. Created by noted Yale professor Robert Shiller, the ratio is seen as better than the traditional P/E ratio as it adjusts for inflation. Historically, a Shiller PE ratio sustained over 25 times… Source link