AT&T's New Wireless Plans Suggest Ma Bell is Ready to Turn Heads
It's safe to say that 2019 has been a good year to own AT&T's (NYSE: T) stock, and there's no reason to believe the party is over. Investors who bought at the beginning of the year are sitting on market-beating gains of more than 30% -- amazing for a company that many regard as a boring dividend play.
Though press coverage often centers on its long-awaited acquisition of Time Warner or whether its DirecTV subsidiary will get back on track, AT&T Mobility is still the belle of the ball -- it represents about 40% of the company's revenue and more than 50% of EBITDA. And long-term investors can take heart that AT&T is making plans to fortify its most important division -- its new wireless plans should turn some heads toward Ma Bell. In addition, the company's plans to retire debt, and buy back stock, should help continue its impressive run.
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Source Fool.com
