Sell in May and go away. Here are a few issues with Directv which will not go away for big T. Directv has big competition in Latin America. Can a Telco compete effectively in Latin Markets. Will AT&T understand the consumer volatility that makes crazy Hollywood personalities successful.
Satellite require huge capital investment just to keep the birds in orbit and functioning correctly. However satellite does not need wires and line of sight issues for terrestrial towers.
Can you see Telco executives signing off on creative ventures that will propel viewership. Could Kevin Spacey do a deal with AT&T similar to House of Cards at Netflix. Because that is what needs to be done.
George Gutowski writes from a caveat emptor perspective.