This stock I have held on to throughout its mainly downward journey in stock price. It’s management appear to have made bold & generally bad decisions. With poorly conceived foray into buying other businesses and then later disinvesting from them at a loss. With dividends reinvested and a rise in stock price over the last 12 months I am currently just over break even. The question is am I just benefitting from a rise in the overall stock market and the cut in dividends as far as the stock price is concerned. Or has there been a fundamental change and this is now a recovery play? Can it compete and shine in highly competitive market? The cut in share price also leaves me questioning should I keep it as an overseas share holder I will be taxed 15% on dividends or if I sell it. So my price target is about 15% from its current value. Whereupon I will determine my faith in management and the companies fundamentals including if it’s dividend rises have been at least 4%. As I anticipate relying on these in a years time.

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Disclaimer

The user MancMan holds no position in NYSE:T. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.