AT&T: Never Look A High-Yield Gift Horse In The Mouth
David Alton Clark • Today, 3:01 AM
- AT&T missed earnings estimates and sold off on the news.
- AT&T now expects full-year revenue to grow 3% to 4% year-over-year, down from prior guidance of 5%.
- The sell-off has unwittingly increased the yield, thereby creating a buying opportunity in the stock.