AT&T (NYSE:T) stock has been a major disappointment for shareholders. T stock is down not just year-to-date, but also over the past 12 months. Additionally, it has lost roughly 25% of its value compared to where it traded prior to Covid-19. All this occurred in the midst of the huge market-wide bull run.
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AT&T’s problems stem from a long-running issue: its lack of growth. AT&T’s core telephone business is a cash cow, but it has limited growth prospects. To overcome that, management engaged in an increasingly....More>>>