2024-03-19 14:55:57 ET
Summary
- This article is a lookback from my June 2021 article about AT&T. The 2021 investment thesis hasn't come to fruition, nor has it been busted.
- AT&T has undergone significant change management. A simpler company is focused upon mobility, fiber, and connectivity. Debt leverage is down. The business is experiencing measured, but reasonable growth.
- The current valuation suggests that AT&T stock is inexpensive compared to Verizon. The potential one-year total return is 22%.
- Look forward, not backward.
I last wrote you in June 2021 about AT&T ( T ) stock.
Yes, the dividend provided solid income. Recent bids have been moving in the right direction:
AT&T Stock - Price and Volume (June 2021 to March 2024)
T shares bottomed in August of last year and have been working their way upwards....
Read the full article on Seeking Alpha
For further details see:
AT&T: Look Forward, Not Backward