AT&T at ~44% Discount
AT&T (T) may be a good value based position to add to portfolios.
Their current Debt levels of having increased over the last 5 years from 84.8% to 111.4% today is a bit concerning though the obligations are covered by operating cash flows by a factor of 23.9%.
The concerns about the debt levels can be offset by the positives of their stable dividend, currently around 6%, insider buying over the past 9 months of around 55MM worth of company stock, <60% institutional ownership of public shares, a P/E of 6.4x which is below their median multiplier around 15x as well as the telecom industry average P/E of 15.1x, and a healthy Price to Book multiplier of 1.3x.
I'll be adding AT&T to my portfolio in the coming weeks, planning to hold on to it for 3-5 years reinvesting dividends along the way to (hopefully) the $55 range.
Their current Debt levels of having increased over the last 5 years from 84.8% to 111.4% today is a bit concerning though the obligations are covered by operating cash flows by a factor of 23.9%.
The concerns about the debt levels can be offset by the positives of their stable dividend, currently around 6%, insider buying over the past 9 months of around 55MM worth of company stock, <60% institutional ownership of public shares, a P/E of 6.4x which is below their median multiplier around 15x as well as the telecom industry average P/E of 15.1x, and a healthy Price to Book multiplier of 1.3x.
I'll be adding AT&T to my portfolio in the coming weeks, planning to hold on to it for 3-5 years reinvesting dividends along the way to (hopefully) the $55 range.
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