It is frustrating that AT&T has become largely a "zombie" money stock of late. What we mean is that the share price just moves sideways. That is inarguable truth. It is a zombie stock at least with recent price action.
https://seekingalpha.com/article/4378766-t-zombie-stock-not-dead-money
T is headed for the mid $20’s’n
I propose a new nickname for Stankey, given his emergence as woke elite (in his mind anyway)....
w—ry
why making fun of zombie Stankey,.
Woke
If investors are looking for a 6%-7% yield with a $2.04 dividend this stock will stay in the $34-$29 range,
hey...HEy!!.....please STOP.. Don't... abusing Zombies? I am sure a Zombie could do a better job running this company. Ratty and Stinky are the undead technically dead but still animated and screwing up big time!
It’s a bond substitute because of the yield and dividend. Buy a few days before the ex dividend date, get the dividend then sell it!!