T
I brought T today at $16.43. Here is what I like.
1) The Yield is around 6.75%, which means you get paid nicely while you wait.
2) FCF is really starting to rise here, Estimates for 17-18 Billion I expect them to slightly exceed 18 billion this year, maybe I'm too optimistic. time will tell.
3) Analysts estimates of $2.15-2.25, is a pe of about 7. Furthermore what I like in what they said last quarter is finally earnings are gonna start to grow again in FY 25. If true I think T might start getting around a 10 multiple. Hence I would't be surprised to see the stock be in the $22-23 range within a year.
Conclusion: Don't see much downside here, and a good yield at these prices. But I always like Buying stocks when a company starts growing the bottom line again which I expect to occur in fy 25, I always feel mutliple expansion can come from that. Hence why I like T here. Maybe I'm a little early, but that is fine, I'm getting paid almost 7% to wait. All is just my opinion, and I could always be wrong though.
