Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Hedge Fund Manager Todd Westhus Recommends Betting Against At&t Bonds
Hedge Funds

Hedge Fund Manager Todd Westhus Recommends Betting Against At&t Bonds

by cnbc.com posted 11months ago 54 views
AT&T "has a ton of debt," he said Wednesday on CNBC's "Squawk Box." "This is a very mature business. Revenues have been declining." Shorting is a trading strategy that involves selling a borrowed asset with a view that it will drop in value and the asset can be bought back later at a lower price. In his presentation for the Sohn Tel Aviv conference Wednesday, Westhus said AT&T added $125 billion in additional debt to its balance sheet since 2007. He noted that the wireless business is facing more competition and has deteriorating growth trends.

In this article