A T & T US (T-N)

He target $22.84, much higher than now, and it pays a yield of 7.5%, but where's the growth? They blew up their balance sheet (huge) by buying everything in sight like Direct TV. They also made execution mistakes. It looks cheap, but there's no catalyst to go higher. The telcos have take it on the chin, since they're tied to interest rates.

Doesn't like their balance sheet and debt and doubts they can sustain their dividend. Sees a bleak outlook.

It pays 50% of its free cash flow to its 7% dividend. Phone companies could offer the new Apple VR headset as an incentive to switch phone plans. Either way, Apple stock will come out on top.

Shares are down 15%, but pays a 7% dividend yield, with $16 billion free cash flow. Are focusing on their core businesses.

How many more times can they stump their toe? True, he likes that they sold their overpriced assets to drill down to their core. The dividend looks safe and the valuation has fallen. He prefers the Canadian telcos which enjoy an oligopoly. That said, there's little downside in AT&T. Their past mistakes are behind them and not ahead.

The last time, the company told him they wouldn't cut their dividend...then they cut it. So, he doesn't trust them. Consider T-Mobile instead.

Reports Thursday. Likes it as a ballast in his portfolio. Their 5G spending is moderating. Has been unloved for a while, but they will beat earnings this year.