Tuesday, March 29, 2011

AT&T (T) -- Attractive to Income Investors and Traders!

(May 16, 2011 update: All future stock posts will appear on my new subscription-only website at www.GoodfellowLLC.com. Please visit!)

AT&T (T) is still a great buy. I blogged about it on January 27 and February 14.

The stock emerged from a solid trading range in late September 2010, and established a new, solid trading range. I am waiting patiently for the stock to emerge from the current trading range and move higher, and I expect this to happen soon.

On January 27 I said, "The stock is likely to trade in the $28-$30 area in the near term, with the next move likely being a rise to $35/$36. I wouldn't hesitate to buy AT&T immediately for a good trading opportunity."

You can buy AT&T for a short-term or medium-term trade; a dividend play (with a yield of 5.9%!!!); or as a value stock, with a low PE, low beta, and consistently-climbing slow EPS growth. AT&T offers something for everyone, and this stock can enhance almost any stock portfolio!

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The Right Huff is Crista Huff's blog for politics and items of sociological or financial interest. Crista Huff also managesGoodfellow LLC, a subscription-only stock market website. We strive to identify financially healthy companies in which traders and investors can buy shares and earn dividends and capital gains. Seedisclaimer for the risks associated with investing in the stock market. See your tax advisor for the tax consequences of investing. See your estate planning attorney to clarify beneficiary and inheritance issues associated with your assets.

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