ATT is my only communication stock and keeps me in line with the Dow Jones Average according to FFF's analysis feature. 5% dividend doesn't cover the the losses. I'm too old to wait too long for recovery at present rate. Does anyone have a better suggestion in this sector or should I hold on for long term?
I, too, am losing patience with this vaunted Widows and Orphans stock. Like you, it fills a gap in my communications sector, but I am at a loss is to why I have lost so much ground as it continues its fall in an up market. I have VZ in my brokerage and it is performing per my expectations as a reliable income generator. I am waiting for the dividend payout and then going to pull the trigger and roll the money into ITOT. Following T developments on a Yahoo article I find a huge number of comments about how poor their customer service is and how bad they treat their employees as they continue to offshore call center work. I will not continue to keep a holding in a company that treats its employees and customers so shabbily. Sounds like the bean counters are running this ship into the ground.
I put a stop loss on this one. It executed 2 or 3 weeks ago, and now I have bought back in. I had gains that I didn't want to lose, but I do like the dividend.
Here's what you should do:
Make believe you had the cash and not the T stock.
Now answer the question, "What do I do with this money"
-If you answer "I think T is a good investment now" then keep your T.
-If any other answer, Then sell it and invest elsewhere. Try to do this free of bias and emotion.
Also keep in mind that if you sell you have a capital gains tax loss - if that applies to your situation.