Enjoying The High Yields Of AT&T
Earlier this week, AT&T (T) reported Q4'13 earnings that generally disappointed the street. From low wireless subscriber additions to concerns about cash and empowered competitors, the second largest domestic wireless provider got hit hard initially. Ironically though, the stock snapped back on Wednesday to finish virtually even with the large 1% losses in the major averages.
AT&T is the classic example of a difficult to value large cap. The company is embroiled in a new war for 4G wireless network supremacy with Verizon Wireless (VZ) and facing pricing pressure from suddenly viable Sprint (S) and T-Mobile (TMUS).
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