[Read this article on our website.]( [Smart Money Monday]  You are receiving these email messages every Monday because you requested information from Mauldin Economics. If you'd prefer not to receive Smart Money Monday , [click here.]( Nov 1, 2021 My Editor Begged Me Not to Write About This Stock My editor begged me not to write about this stock. âItâs too big. Too obvious.â Well, sometimes a big, obvious stock pick is a lucrative one. Did you know you can buy some Phase 2 Cryptos for as little as ½ a penny? Go here to uncover little-known opportunities hiding under the surface. [Watch now]( Take Apple (APPL) in 2018. It had already skyrocketed 1,000% since the iPhone debuted 11 years prior. And many analysts thought its best days were overâlike Blackberry (BB) or Nokia (NOK) before it. Yet one of my hedge fund buddies said heâd just put around 20% of his fund into Apple. Billionaire Warren Buffett was loading up on it, too. By the end of 2018, Berkshire Hathaway owned around 1 billion shares. These guys could buy anything . But they bought a big, obvious stock. And it paid off. Apple has soared over 200% since 2018. My goal here at Smart Money Monday is to help you make money. Every week, I share one great investment idea. [Thatâs often a small-cap stock](âa company that isnât a household name yet. But today, Iâm going to show you why Iâm investing in another big, obvious stock like Apple⦠one that could easily double in the next few years. - This big, obvious stock is sitting at a 10-year low. Iâm sure you know the companyâtelecom giant AT&T (T) . AT&T is dirt cheap because of a series of management mistakes. The old CEO overpaid when the company bought DirectTV in 2015. He overpaid when it bought Time Warner in 2018. Basically, he set shareholdersâ cash on fire. He also borrowed a lot of money. Then AT&T had to cut its dividend to pay for those mistakes. If there is one thing you donât want to do with a mega-cap company like AT&T, itâs cut the dividend. This is a blue-chip, widows & orphans stock. People buy it for safety and security. But the former CEO and his management team did not take that responsibility seriously. And the stock suffered accordingly. - AT&T has put those mistakes behind it now⦠The old CEO left last year. And the new CEO, John Stankey, is turning things around. Stankey has already sold off a lot of fringe assets, like its Puerto Rican telecom business and the video streaming service Crunchyroll. Heâs refocusing the company on its bread and butter: US wireless and fiber services. AT&T has 45% of all US wireless subscriptions as of the first quarter of this year. As a final step in the cleanup, AT&T is spinning off WarnerMedia (one of those companies the old CEO overpaid for). WarnerMedia will merge with Discovery Communications (DISCA), and AT&T shareholders will own 71% of the new company. The deal will likely be finalized next year. - AT&T has substantial upside potential. But investors are impatient. Few investors are looking at its potential just a few months down the road when Stankey has finished cleaning up the last CEOâs mess. After the WarnerMedia spin-off, AT&T will be a focused telecom giant with only two real competitors: Verizon and T-Mobile. Stankey bought $1 million worth of AT&T stock in May. As I mentioned last week, insiders buy shares for one reason: [they expect the price to go up](. No one knows the company better than Stankey. And heâs putting a million bucks of his own money on the line. This is a great sign. Buying shares now gets you a juicy 6% dividend. And thanks to Stankeyâs big cleanup, the company will pay those dividends out of profits (and use the extra cash to pay down debt). This is a rare chance to buy a blue-chip stock at bargain prices. Itâs big and obvious, but my research shows it could easily double in the next few years. I own shares of AT&T, and you should consider buying some, too. - Before I sign off for the week⦠Weâve covered a lot of ground since Smart Money Monday launched last summer. Everything from â [Chipotle moments](â to [luxury automakers]( to [Canadaâs answer to Berkshire Hathaway](. Have you bought any of the stocks Iâve recommended? What are you most eager to hear more about? I enjoy reading all of your questions and comments. Please drop me a note about AT&T or anything else youâd like to read more about at subscribers@mauldineconomics.com. [Thompson Clark] âThompson Clark
Editor, Smart Money Monday [Thompson Clark]Thompson Clark is a small-cap expert and value-focused investor with nearly a decade of experience in financial publishing. Thompson graduated from the Goizueta Business School at Emory University in 2010 with a focus in finance and accounting. He lives in North Carolina. He is the editor of Mauldin Economicsâ free research service, [Smart Money Monday]( . Don't let friends miss this timely insightâ
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