AT&T: Just Relax
AT&T trades back near the yearly lows at $29.
The stock offers an incredible 6.8% dividend yield.
Analyst meeting on Nov. 29 should provide a catalyst for the stock.
Market will soon shift focus to $25 billion FCF focus.
While my investment thesis has constantly slammed on the decisions of AT&T(T) management to shift business away from building the best wireless network, the stock has turned into a bargain due to strong free cash flows. At $29, AT&T offers a nearly 7% dividend yield while recently backing incredibly bullish financials for 2019. The ongoing stock weakness remains an opportunity.
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