Hello my lovely finance-interested community here on HIVE!
Today I want to write a little bit about an investment I made some time ago and that turned out to be a very solid part of my portfolio.
The stock I bought was AT&T...at a time it was somehow in trouble. After it bought Warner Bros in 2018 there was a lot of debt on the balance sheet that discomforted most of the investors as the big increase in revenue did not happen. In 2022 it spun off Warner Bros. Discovery (Ticker WBD) and the stock price went up since then. In the meantime I got several juicy dividends for owning the stock and it got me shares of the spun off company as well. Just today Warner Bros. Discovery announced that there are a few interested buyers that either want to buy the whole company or parts of it. WBD is evaluating right now what is the best for their shareholders. No matter the decision, it will bring in some money....while the main-company is still paying dividends.
Why is it a Buffet Style investment? Warren Buffet said once it is best to buy great companies, while they are undergoing surgery, meaning good companies that are in trouble right now. AT&T was such a company and it turned out pretty well for me ;D
Do you have stories similar to mine to tell?
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A lite house.
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thx for the tip! <3
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To get his teeth crowned.
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If you bought the local bottom last summer you had a good timing.
Looking at the longer timeframe the stock is still trapped in a sideways trend after the 2021 selloff. Not my kind of target investment.