- The upcoming United States Presidential election is only weeks away and could see Joe Biden take the White House.
- Part of his fiscal policy calls for the Federal corporate tax rate to increase from 21% to 28%, along with various other measures.
- The impacts from this alone is not massive but the aggregated impacts will mount and reduce their intrinsic value more greatly than this hopefully temporary Covid-19 setback.
- Thankfully their history of very strong dividend coverage means that it should remain sustainable.
- Since nothing material has yet to change in either direction recently, I still believe that maintaining my very bullish rating is appropriate.
For further details see:
AT&T: A Changed White House Could Cause Longer Lasting Impacts Than Covid-19