AT&T is a telecommunications giant, offering land line and mobile voice communications along with broadband and digital TV services.
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The unemployed will give up their house and car before they give up their phone. Isn't that a comforting basis for investing?
They have a lot of debt, but they seem to have a very safe stream of cash flow to service it. They pay a very nice dividend that is currently above 7%. For those who dare to be dull, this is not a bad place to invest right now.
The insiders are buying. It doesn't look like this has much more downside from here.