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AT&T Jumps After Elliott Takes $3 Billion Stake, Sees Stock at $60 Form

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all right so Mike Santoli just showed us a chart highlighting debt to Eva da are you surprised to see that Elliot would be taking a stake here well I'm kind of surprised that anybody thinks AT&T is potentially a $60 stock that's a pretty bullish optimistic view of the potential of AT&T given the issues that it has to work through I read the letter it's a it's a thoughtful letter but Randall Stephenson is a very thoughtful CEO who I think has been put in a very difficult position by the government everybody knows that the government sued based on motivation about CNN that delayed the closing of this deal and in the meantime the media industry galloped on in a very significant way that has put them behind the eight ball in terms of the planning and implementation they can do to take advantage of the assets they have having said that though they have a bundle of pretty troubled assets now and it's not clear to me how they really begi

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