3 Reasons I'm Losing Faith in AT&T's Stock
When I started a position in AT&T (NYSE: T) in late 2015, I considered it a safe stock with a wide moat, low valuation, and a high yield. Unfortunately, AT&T's stock declined 20% over the past five years as the S&P 500 advanced about 70%. Even after factoring in reinvested dividends, AT&T generated a total return of just 5%.
I've defended AT&T plenty of times, but it's becoming impossible to ignore some of its bigger problems. Let's review three major issues with AT&T, and why they're shaking my faith in this Dividend Aristocrat.
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Source Fool.com
