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AT&T
As the economy reopens, cyclical value stocks are starting to perform a lot better. Remember, that what we experienced was something that has never happened before, with the major economies across the globe shutting down due to a virus.  I’d suggest the lock-down was more like the black swan rather than the pandemic, which are...
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This year has been wild in many terrible ways.  One extremely painful phenomenon (for a value investor) has been the massive growth outperformance relative to value.  Coming into the year, we were at the widest relative spread between growth and value since 2000.  After the pandemic tanked stocks more closely related to the economy, the...
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I believe that an AT&T (T) merger or investment in Telefonica (TEF) would be extremely intelligent at this stage in the game.  Right now the U.S. mobile market is performing wonderfully and Europe is incredibly depressed.  There is no reason to believe that conditions won’t improve in Europe and this would be an excellent opportunity...
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The big news today was the Deutsche Telekom (DT) is considering buying MetroPCS (PCS) to merge it its T-Mobile division. While I do believe that T-Mobile needs to do something as does MetroPCS, I’m not positive this is the best fit. Because the companies use different technologies, the conversion to one network can be more...
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The Belgian brewer Anheuser-Busch Inbev’s possible acquisition of the remainder of Grupo Modelo is quite likely to draw antitrust scrutiny, as the combined company would control in excess of 50% of the U.S. beer market.  While the company could divest some of its inferior brands to offload market share, the costs of doing so should...
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This article discusses the merits of both Verizon (VZ) and AT&T (T) in this current low interest rate environment.  While both stocks offer attractive dividend yields, the multiples are quite high on both securities.  If you look across the pond to Europe an investor can find much more attractive payouts and earnings yields.  Obviously there...
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It is most definitely in Verizon’s and AT&T’s best interests if a third or fourth ecosystem of smartphones emerges so that they can reduce the amount subsidies they provide for Apple and Android phones.  Apple really has taken all of the power in their relationship with the mobile carriers and it has provided a tremendous...
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