IB Net Payout Yields Model

AT&T: Questionable Synergy Prospects Don't Change Value

  • AT&T has questionable prospects for achieving the targeted DirecTV synergies.
  • Even coming up short on the synergies still leaves the company on track for pro-forma EPS estimates of $3.
  • The stock remains exceptionally cheap and offers a 5.8% dividend yield.



Back on September 16, AT&T (NYSE:T) CFO John Stephens spoke at the Goldman Sachs Communacopia Brokers Conference. The main crux of the conversation with the Goldman Sachs analyst was regarding the integration and synergy benefits of the DirecTV merger.

Read the full article on Seeking Alpha.


Disclosure: Long T. Please review the disclaimer page for more details. 



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