There's an expression on Wall Street that "every dog has its day." It's that moment when the most beaten up company stops getting beaten up, and starts getting appreciated.
This is that moment for AT&T. It was given up for dead little more than a year ago, then scooped up by one of its spun off Baby Bells, SBC Communications, which kept the Ma Bell name, and added some renewed luster Monday with the eye-popping $67 billion offer for BellSouth.
AT&T is just the latest to return from the dead.
It happens with individuals as well: Back during the Monica Lewinsky crisis, Bill Clinton looked like damaged political goods. Now, he's a rock star.
And I'm old enough to remember when George Foreman scowled. Now he's a teddy bear, and a rich one at that.
My point is, individuals and companies can reinvent themselves.
It's what helped Richard Nixon come back, then later fall back.
History is fickle that way. But history proves change is always the way.
Never assume the image you're looking at one moment is much more than a snapshot. Once snapped. Soon…shot.
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Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.