MA Bell

By Steve Abraham on May 17, 2007

AT&T has been one of the best performers in the Dow over the last year. I think the stock will continue to move higher. One catalyst toward the second half of the year is going to be sales of the Apple iPhone. They have exclusive distribution rights for awhile. The stock is cheap on a P/E basis. I think it will see $50 by end of this year.

This entry was posted on Thursday, May 17th, 2007 at 5:03 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

3 Responses to “MA Bell”

By Market Matador on May 17th, 2007 at 6:02 pm

Great call, I completely agree with this momentum behind AT&T.

Just wrote about it a couple of days ago on my site @: http://www.marketmatador.com/2007/05/15/att-breaks-through-resistance-to-close-at-40/

Great work!

-Sam from MarketMatador.com

By The Trader on May 17th, 2007 at 6:41 pm

I agree about T. I work there and we just found out how serious they are about reducing costs - they are no longer paying for coffee for employees. They aren’t messing around if they want to save money all of the way down to that level. I haven’t traded on T yet, but might when I see them really getting serious about cuts and lay off people like me who blog and trade all day. :)
I posted about it last week - http://mytradersjournal.com/stock-options/2007/05/11/att-cuts-coffee-for-employees/

By Brandon J on May 20th, 2007 at 10:29 am

I’ve had T for a while now. I’m at a 97% gain on it. Finally the Comcast shares are starting to rise to from when they were spun-off. I created a blog to help military members with their finances and I would like to know if we could exchange links. Thanks.

Brandon J
Money for Military
http://moneyformilitary.blogspot.com