The entire cellular market is coming down to two companies. Verizon and AT&T. Both should do extremely well in the coming years as the entire world morphs from "computing" to "Mobil-Computing". Personally I don't expect AT&T to be a rocket-ship with respect to trading price..................but I DO expect it to be a steady climber as sales increase and as the Time Warner profits start to hit the balance sheets of the future. Put another way, I expect there to be an ebb and flow of the day-to-day price of the stock but I also expect higher highs and higher lows. As always, the icing on the cake is the $2.04 / share dividend.
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