T has acquired TWX, although recent company performance has been disappointing.
With the 6.3% yield, T has hit my buy zone.
The new cash flows from the acquisition will allow the company to handle its debt load.
I’m buying T, with my estimate of fair value at almost $40/share.
I've been considering AT&T (T) for my portfolio for a while now. The company has a stellar history, both as part of America's infrastructure and as a dividend paying company. After