01-27-2014, 05:20 PM
T - won't make a Vodafone offer
From USA Today article:
"At the request of the U.K. takeover panel, AT&T confirms that it does not intend to make an offer for Vodafone," AT&T said in the statement.
I'm long 600 shares of T, but they are all covering $34 calls. This is purely a short term cash flow play for me. Dividends plus call contracts give six month cash flow of over 6% through July.
From USA Today article:
"At the request of the U.K. takeover panel, AT&T confirms that it does not intend to make an offer for Vodafone," AT&T said in the statement.
I'm long 600 shares of T, but they are all covering $34 calls. This is purely a short term cash flow play for me. Dividends plus call contracts give six month cash flow of over 6% through July.
Alex