T - AT&T Has Been In The Penalty Box For Too Long As Debt Is No Longer An Issue

2024-05-15 09:00:00 ET

Summary

• AT&T shares may be ready for a comeback after a decade of hardship, with a focus on its core business.
• The company's underlying business is strong, with growing customer bases and increased revenue per unit.
• AT&T's debt is under control, and it has the ability to generate significant free cash flow to repay debt and provide value to shareholders.

After a decade of hardship, AT&T ( T ) shares may be ready to stage a comeback. AT&T has been one of the hardest stocks for me to own as it's been an absolute cash cow, yet no matter what it did, the market never responded favorably. Over the past decade, shares have lost -38.12% of their value, and without the dividend, I don't know if many shareholders would still be in AT&T. The days of venturing into the unknown seem to be in the past, and AT&T is focusing on its core business....

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