In July of 2012, I recommended that investors sell their AT&T shares and replace them with shares of Sprint. The trade worked out well -- with Sprint's shares much more than doubling while AT&T's share price declined slightly despite the tailwinds of a bull market (the S&P 500 advanced more than 30% over the period). I mention this trade to highlight another investment which I believe has some similar dynamics (albeit, not as extreme of an undervaluation as was the case with Sprint).
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