Telecommunications

It’s been a while since I’ve written about AT&T (T), with a reader message prompting me to post a brief update today. Put simply, my view on the struggling Dallas-based telecom giant to date has been that it is just too darn cheap, warts and all. Those warts now include the unwinding of its big ticket acquisitions, DirecTV and WarnerMedia, plus another biggie – the…

Comcast (CMCSA) stock strikes me as good value right now. Its shares change hands for around $39.85 each, which works out to circa 17x estimated FY20 profit of $2.33 per share. Out to FY21, that valuation drops to 13.5x forward earnings – with that figure based on FY21 profit estimates as operations recover from COVID-19. Call me crazy, but a 7.5% forward earnings yield looks…

AT&T (T) stock looks totally hated by the market. It still trades sub-$30 per share, not even 10% above its lows back in March. Indeed, it has significantly underperformed the wider market this year. The S&P 500 is now only down around 10% thus far in 2020, which is not too bad, all things considered, but good old AT&T stock is down more than twice…

AT&T (T) seems like another good defensive stock with a strong buy case right now. I note the Dallas-based telecom giant has fallen 25% since the start of the month, though most stocks have suffered a similar fate. Many are down much more than that. Now, things may well get pretty bad out there. I saw that over three million Americans filed for unemployment last…

Barring a last minute catastrophe, AT&T (T) looks set to post a strong 2019. Shares in the Dallas-based telecom giant are currently up around 40% this year, inclusive of dividend cash, and comfortably ahead of relevant blue chip benchmarks like the S&P 500. Pretty good, right? Taken in isolation I guess the answer to that question is yes. Shift to a slightly longer-term perspective, and the…