Word: assets
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...Armstrong's strategy to turn Ma Bell into a vertically integrated communications giant had failed utterly. After last Wednesday's announcement, AT&T stock plunged 13%, to its lowest level in a decade. And it tumbled 5.5% more by week's end. David Lefkowitz, an analyst at Credit Suisse Asset Management, had some different advice for Armstrong's aunt, saying that AT&T stock is "probably dead money for some time." Salomon Smith Barney analyst Jack Grubman downgraded the stock for the second time in two weeks and declared it to be "melting down...
...driving force behind the breakup is AT&T's conviction that at current valuations the parts are worth more than the whole. The official line is that the smaller, nimbler companies will be more profitable independently. "With their own resources and asset-based stock they can shape their own destiny and future," says Armstrong. But the plan also reflects AT&T's frustration that investors have been so focused on its evaporating long-distance business. The split is designed to force Wall Street to pay more attention to faster-growing parts of the company...
...skate, he's assertive, he plays an aggressive game, he got skill and speed," Mazzoleni said. "He's an ingredient that's a key asset to our forwards because he can play an up-tempo game and that's what we're trying...
Capouch is easily the team's best offensive defenseman and should once again be a special-teams asset on the power-play and while penalty-killing. He led the Crimson last season with a +5 plus/minus rating and is talented a moving the puck out of the defensive zone...
...difficult situation to be in, but the group dynamic is helpful," Haushalter says. "The fact that the other people are there is an asset...