- AT&T has long been a retiree-friendly stock, but a high yield means nothing if a stock is continuously falling.
- AT&T is down over 40% over the past few years due to value-destructive acquisitions.
- AT&T management is now striking a new tune and instead of acquiring new assets, they are choosing to spin off old assets.
https://seekingalpha.com/article/4497405-at-and-t-the-dying-dividend-stock