2024-02-16 08:30:00 ET
Summary
- The U.S. telecom industry is an oligopoly of three firms with ever-growing demand.
- AT&T and Verizon continue to report growing Free Cash Flow while their stock remains deeply undervalued.
- Watch for capex and debt pile shrinkage and free cash flow growth in 2024 while dividends enjoy comfortable payout ratios.
Co-authored with “Hidden Opportunities.”
In the digital world, telecom services keep us talking, watching, and browsing. These interactions form the backbone of modern living, making broadband and wireless connectivity must-haves for daily life. Telecom is a stable business with inelastic demand through the economic cycles – whether it is job hunting or applying for benefits, we need to use the internet to get things done....
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2 Bargain Telecom Dividends For A Defensive Retirement, +6% Yields