10-21-2020, 01:47 PM
(10-21-2020, 01:35 PM)crimsonghost747 Wrote:You better pray that dividend is safe. I think they should cut it to pay off that debt. That 7.8 yield is a value trap. The dividend means nothing when the stick keeps going down. All those who bought in at $30 have to wait 2 years to break even if the stock stays at these levels ?(10-21-2020, 01:19 PM)fenders53 Wrote:(10-21-2020, 01:01 PM)crimsonghost747 Wrote: I will join you guys on the T put sales after the earnings if it doesn't jump. (did I just acknowledge that T could do that, at least in theory?)
T will find a bottom, whether soon, or at 22 lol. I doubt anyone expects anything amazing to cause it to jump. The ridiculous dividend is not in danger and that saves us eventually. That's my thesis anyway.
I do agree with your thesis. I've often bought T around $28, so might be time to buy a bit more now too. But I do want to see that earnings report before I make any moves.
