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Started By
Message
Talk me out of buying AT&T
Posted on 12/2/20 at 9:35 am
Posted on 12/2/20 at 9:35 am
I want some income stocks and AT&T looks like it’s a safe call. I’d like some growth too.
The stock has been trading around 28 for a few months. It’s well off of it’s price of 40 a year ago.
The yield is over 7%.
I am not particularly wild about the product or service but really, besides Verizon, who rivals ATT?
Any reasons not to buy ATT?
The stock has been trading around 28 for a few months. It’s well off of it’s price of 40 a year ago.
The yield is over 7%.
I am not particularly wild about the product or service but really, besides Verizon, who rivals ATT?
Any reasons not to buy ATT?
11
Posted on 12/2/20 at 9:40 am to SlidellCajun
nope, everyone should own some.
have a look at "most" broad market index fund holdings and you will find plenty of T
have a look at "most" broad market index fund holdings and you will find plenty of T
Posted on 12/2/20 at 10:06 am to SlidellCajun
quote:
Any reasons not to buy ATT?
There are plenty. I think the good outweighs the bad in the long term though especially if you are targeting a stable income stock.
I’ve been slowly buying more T since April. Any time it drops below $28/share I’ve been adding more, especially in October.
It’s nearing 100 day highs right now. I’d wait and see if it pulls back closer to $28 and get in there.
ETA - basically every research opinion I follow on T has it as a “Hold” right now.
This post was edited on 12/2/20 at 10:08 am
Posted on 12/2/20 at 10:58 am to SlidellCajun
They practically ruined directv.
Posted on 12/2/20 at 11:22 am to SlidellCajun
I took a position a couple of weeks ago.
They have some baggage but sounds like the new CEO is looking to trim some of the fat and get rid of the dumb investments they've made over the years.
I don't see it as a growth story so if you're looking for that probably best to look elsewhere.
Dividend yield is nice.
They have some baggage but sounds like the new CEO is looking to trim some of the fat and get rid of the dumb investments they've made over the years.
I don't see it as a growth story so if you're looking for that probably best to look elsewhere.
Dividend yield is nice.
Posted on 12/2/20 at 11:24 am to fatboydave
quote:
They practically ruined directv.
Lol
I totally agree and relent that I’m actually wanting to buy their stock. They took a very good satellite programmer and cheapened it and killed customer service. Still though, it’s all relative as they say and I continue using the service because I can’t find anything better.
Posted on 12/2/20 at 11:31 am to fatboydave
quote:
They practically ruined directv.
They were the reason I dropped Direct after 13yrs with them.
Customer service was atrocious post-merger.
I thank them everyday, because they put me onto streaming and saving $30-40 a month. However, streaming is starting to tick up
Posted on 12/2/20 at 11:38 am to SlidellCajun
Directv and the Time Warner merger. (you watch anything on HBO lately?) Their quality of content has been steadily dropping.
Those things aside, I used to own it and made a pretty decent profit with the dividends and increase in share price. I think I exited at like 33-34 and it has a pretty consistent trading range.
A lot of people have their cell service and/or home internet services through them. It's pretty good to own long term, but its a dinosaur in the industry in a time where everybody wants to own streaming growth stocks.
Those things aside, I used to own it and made a pretty decent profit with the dividends and increase in share price. I think I exited at like 33-34 and it has a pretty consistent trading range.
A lot of people have their cell service and/or home internet services through them. It's pretty good to own long term, but its a dinosaur in the industry in a time where everybody wants to own streaming growth stocks.
Posted on 12/2/20 at 12:19 pm to SlidellCajun
Why wouldn't it be preferable to find a fund that focuses on income generating stocks? This would help diversify any negative impacts of owning a single company.
This post was edited on 12/2/20 at 12:20 pm
Posted on 12/2/20 at 12:24 pm to SlidellCajun
quote:
Any reasons not to buy ATT?
They are a bad company in a transforming industry with a shitload of debt. What could go wrong?
Posted on 12/2/20 at 12:52 pm to DallasTiger11
wanted some telcom...liked the yield...as mentioned by op lots of reasons to think twice about them....went with verizon instead back in the march low...
Posted on 12/2/20 at 1:05 pm to DallasTiger11
quote:I don't disagree. They have the assets and infrastructure to be a great company. Will take the right person to get them there.
They are a bad company in a transforming industry with a shitload of debt. What could go wrong?
Posted on 12/2/20 at 1:24 pm to SlidellCajun
I have a good position...but for me, it's strictly an income producing stock for my retirement portfolio
Posted on 12/2/20 at 4:40 pm to natsoundup
quote:
I have a good position...but for me, it's strictly an income producing stock for my retirement portfolio
I do the same, every share is in a Roth account. Every 100 shares pays you over $200 annually.
Posted on 12/2/20 at 4:56 pm to SlidellCajun
quote:
Still though, it’s all relative as they say and I continue using the service because I can’t find anything better.
Considering they are about to sell DTV for a 1/4 of what they bought just a few years later. I guess maybe the new owners will be better at attracting and keeping customers.
Feels like the are ruining the golden goose that is HBO as well. Seems like everything they buy lately they run into the ground and accumulate massive debt to do so.
Luckily they still have the cash king that is their wireless service, which has recently been passed in customer after the merged T-Mobile
Posted on 12/3/20 at 5:53 am to SlidellCajun
They treat their customers like shite... Other than that they are probably a good investment.
Posted on 12/3/20 at 7:03 am to TigerintheNO
quote:
Every 100 shares pays you over $200 annually.
And sell covered calls to safely bump that yield >10%
Posted on 12/3/20 at 9:17 am to SlidellCajun
There is a big AT&T cell phone store near me. It has open, closed and reopened a few times over the last five years. AT&T is much more than that, but to me it sure is a sign of of lumbering management letting details fall through the cracks.
Posted on 12/3/20 at 10:31 am to UltimaParadox
quote:
Considering they are about to sell DTV for a 1/4 of what they bought just a few years later. I guess maybe the new owners will be better at attracting and keeping customers.
Feels like the are ruining the golden goose that is HBO as well. Seems like everything they buy lately they run into the ground and accumulate massive debt to do so.
Luckily they still have the cash king that is their wireless service, which has recently been passed in customer after the merged T-Mobile
Good summation. Considering the debt and (mis)management issues, I'm a little wary of it. But I do have some short puts at 28 for my investment (not trading) account. The yield makes it attractive enough for me at that level, if the puts hit - taking into account that its 7% div. vs VZ at 4% is a sign that the market has some of the risk priced in.
This post was edited on 12/3/20 at 10:32 am
Posted on 12/3/20 at 10:27 pm to Jag_Warrior
It's a long term buy for me...dividend dividend dividend....need I say anymore
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