Is AT&T Worth Buying After Its Spinoff?
It's been months in the making, but telecom company AT&T (NYSE: T) has finally closed the book on its entertainment business. The company has completed its spinoff to combine its streaming and entertainment assets with Discovery to form Warner Bros. Discovery.
AT&T has been a controversial stock over the past decade, underperforming after massive mergers put the company in debt. Now that AT&T has formally moved on, should investors return to the stock? Here is what you need to know.
The "new" AT&T looks a lot like the "old" AT&T. The company is going back to its roots as a telecommunications company and focusing on what it knows best moving forward. Now that the spinoff is complete, AT&T is a stand-alone communications company that will focus on its wireless business and opportunities in fiber optic and fixed wireless data networks.
Source Fool.com
