10-09-2021, 05:46 AM
(This post was last modified: 10-09-2021, 05:47 AM by ken-do-nim.)
(10-08-2021, 10:12 PM)bankerboy Wrote: I find it interesting about discussions buying T and BMY. They both seem to have downside risk at this point, T in a big dividend cut and BMY is losing money with bad news from what I can tell.
Interested in the thought behind buying these stocks. Yes the dividend is OK but values seem to be sideways for years.
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T is cutting its dividend because it is splitting off a major portion of the company. This new company will contain all of their Warner IP, I believe, especially HBO MAX. (I'm not sure what happens to CNN but I would assume it goes to the new company as well.) I am very interested in owning shares of that new company. After the split, I may or may not retain the T shares.