Good afternoon gang!
Hope everyone is doing well & isn't getting too blown out in the carnage today in the majority of the market.
If you're looking for something boring to put your money into, AT&T didn't used to be an option, but it's now gotten to a price where it's beginning to look interesting.
Back when the split was announced, I remember doing some back-of-the-napkin math and coming to the conclusion that the cheaper end of the map would be about 22 a share, which we very nearly touched recently. Plus, the juicy 9% yield. seems compelling as a place to hide until the higher beta black hole passes, if you feel like bailing. Or, levering up on a 2x position for an 18% yield on this stock which trades like a bond. Only thing to track is the upcoming separation where you'll get two companies.
Cheers!
Hope everyone is doing well & isn't getting too blown out in the carnage today in the majority of the market.
If you're looking for something boring to put your money into, AT&T didn't used to be an option, but it's now gotten to a price where it's beginning to look interesting.
Back when the split was announced, I remember doing some back-of-the-napkin math and coming to the conclusion that the cheaper end of the map would be about 22 a share, which we very nearly touched recently. Plus, the juicy 9% yield. seems compelling as a place to hide until the higher beta black hole passes, if you feel like bailing. Or, levering up on a 2x position for an 18% yield on this stock which trades like a bond. Only thing to track is the upcoming separation where you'll get two companies.
Cheers!
🚨🚨🚨
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Looking for the next big move?
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Try it for free: www.propnotes.co/
