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A “mega-merger” of communications giants is sounding a klaxon to “get out”…
AT&T (T) just announced plans to acquire Time Warner (TWX). The Palm Beach Letter’s Teeka Tiwari says this move is terrible for AT&T investors. The deal moves AT&T away from its core, profitable, “boring” business model and into the dicey waters of media content creation.
Teeka sent out an alert for all AT&T owners to sell their positions. But the deal may have even worse implications for the broad market…
Merger deals with Time Warner have marked major market tops on at least two other occasions over the last quarter-century. Listen to Teeka explain the details in today’s important 3-Minute Market Minder.