07-12-2019, 09:45 AM
(07-12-2019, 06:44 AM)stockguru Wrote: T is much better positioned now then it was 6 months ago. If you read the news you will see what they have been up too. They raised the dividend and its announcement with streaming plans with HBO Max. T can easily pass $40 this year and with the yield at 6% it represents great value. And the only reason the stock hit $29 back then was because the market was selling off. They were a lot of bargains at that time lol
A $0.01 raise on dividend, the streaming plans, sale of some assets (such as real estate) etc were at least on my radar at those $29.xx prices. I don't follow news that much (just what SA gives me) but I really haven't seen a single thing changing with T.
I've owned T for a long time, personally I am a big fan of the TW trade. And I think T is a solid stock going forward but I'm not adding at these prices anymore. (not saying it's a bad add here though, I simply have enough of it already)