Why AT&T Is a Retiree's Dream Stock
Instead of seeing AT&T (NYSE: T) as a dream stock, many might understandably view it as a nightmare. A costly stake in DIRECTV is now on track to produce a massive loss. Also, the wisdom of its WarnerMedia investment appears uncertain as it navigates the highly competitive streaming market.
Activist investor Elliott Management recently sold its AT&T stake. Also, in an admission that appears to contradict my own point that this stock is a great one for retirees, I will let you know that I recently sold my own shares.
Why would I recommend a stock I recently sold? Well, barring a lottery win or a surprise stock windfall, I am years from retirement. For this reason, income generation is not yet a stock priority of mine.
Source Fool.com
