AT&T, Inc. (NYSE:T)
CAPS Rating:
AT&T is a telecommunications giant, offering land line and mobile voice communications along with broadband and digital TV services.
AT&T is a telecommunications giant, offering land line and mobile voice communications along with broadband and digital TV services.
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Pick has been open nearly a year and a half, guess it's time to add a pitch.
I think AT&T is one of the best values among large cap stocks. Based on the 6 Jun 08 close, the company is trading at 11 times 2009 earnings, has an estimated long term growth rate of just under 10% and pays a dividend yielding over 4%.
Wireless growth has been strong enough to more than offset shrinking land line phone service and the triple play TV-internet-phone service has a lot of growth potential - and a lot of competition.
A safe dividend yield that's higher than treasuries and is likely to get hiked year after year makes this stock a compelling option for income investors.
what a good (short) pitch. I like AT&T too, but i am a little nervous about the competition in this market. It seems like more and more companies are doing the triple play and cable providers seem to be the best as the provide mainly the TV part, -- internet and phone is no biggie on cable.Its a monopoly AT&T owns, but i really would like to see them do more with the AT&T network, they got the phone covered. Simply put, people wouldn't be hacking iPhones unless the risk is worth the reward (warranty? updates?)I like the idea of holding at&t long term, but i hold no major stake expect in some ETFs.
I think both T and VZ are very good. I plan on owning both. Both have outstanding free cash flow.
One thing that made me love T, is i have internet through them its only $10 a month. Part of my picking what i know beside the fundamentals.