Friday, August 29, 2008

ATTn(T)

I recommend this stock.

UPDATE;
I like the numbers.

Open: 29.24 Mkt Cap: 177.20B P/E: 13.53 Dividend: 0.40
High: 30.55 52Wk High: 42.97 F P/E: 14.38 Yield: 5.32
Low: 29.06 52Wk Low: 27.51 Beta: 1.12 Shares: 5.89B
Vol: 32.76M Avg Vol: 28.18M EPS: 2.22 Inst. Own: 59%

It's selling near a 52 week low which I take as a good sign.

P/E indicates it's fairly priced (I consider 14 a typical healthy multiple).

It has a nice dividend yield.

It's not terribly heavy in institutional ownership. Institutions tend to move as a herd and too much institutional ownership indicates too much potential for selling pressure.

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