Shares of AT&T Inc (T) continue to trade within 10% of its Covid March 2020 lows. For a stock that pays a 7% dividend, this is attractive when comparing to crazy valuation stocks like Doordash (DASH), AirBNB (ABNB) and EV stocks. Many of these stocks are up 500-1000% since the Covid March lows. While it is not flashy, A&T is low risk when compared to these stocks up 500-1000%. In addition, it is cushioned with a beautiful dividend of 7% based on off the current price. To me, this is a great place to dump some cash. There is support $28.50 and more major support around $27.45. Accumulating down here protects against a major correction in the high valuation names.
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