T stock can still weather storms that would sink others
AT&T Inc. (NYSE:T) stock is having a tough day. Actually … T stock has had a tough quarter.
In its most recent quarter, AT&T announced that it lost 90,000 subscribers and that its hopes for a boon of new subscribers from its pending Time Warner Inc (NYSE:TWX) deal may be more optimistic than previously anticipated.
But T stock has dropped almost 2% in the past five days and 5% year-to-date.
With all the evolution going on in the cable space and the competition in the mobile space, the question becomes, is AT&T stock still a good long-term stock to hold to take advantage of the transition, or is it becoming a dinosaur?