(03-26-2021, 10:38 AM)kblake Wrote: Added to T. I would much rather be in that name then some over valued stock trading at 100+ PE. I now have 500 shares and I'm find collecting that dividend while waiting on some names I really like to correct.
You can laugh but T with HBO Max is very undervalued here and the stock finally has legs lol. I can see $35 soon
HD has gone straight up and I ended up selling it at $301. I have been in that name since 1994. It was 3rd longest hold, bit valuations are becoming a bit much now so will use those proceeds and add some LLY, APD and MO
I'm hopeful that the anemic revenue projections for T given during the last earnings call (+1% over the next five years) were sandbagging. If that scenario plays out, the TimeWarner acquisition will be almost as bad a bust as DirecTV. HBO Max needs to be an earnings growth engine that helps T reduce its debt (much of which was created by the acquisition).
I like the recent trend, but am keeping a close eye on it. T now has the content library and new content production capabilities to be one of the top players in the streaming space. If that engine isn't humming within three years, I will have lost all faith in management. So far I like what I see, and their direct-to-streaming movie releases appear to be driving meaningful subscriber growth.
They have room to improve when it comes to the user interface for HBO Max. In my opinion, it is not as good at displaying/suggesting titles to watch as Netflix or Prime. Improvements there could probably help make their user base sticky (retained business month-to-month).
T also needs to accelerate the process of dropping U-Verse, DirecTV, AT&T TV, AT&T TV Now, and just focus on driving everything through HBO Max. That should be their platform for delivering content, where all the focus goes.