This is not your father’s phone company! AT&T is now also in the television service business. The new “U-Verse” premium service should support solid earnings advances for many years. It will compete with cable and satellite.

Exclusive marketing rights to the iPhone resulted in rapid growth in wireless customers. “T” is also the largest service provider for Blackberry devices.

The infrastructure of the wireless network is being improved continually “T” seems to have trailed Verizon in this area.

At $25 per share the stock is down 20% from its 52 week high while profits and cash flow have continued to grow. The stock pays a solid dividend yielding nearly 6.5% making the total return potential attractive.

The stock is suitable for growth and income investors. I think it’s a good value at this price.

Preston F. Sanders is a Chartered Financial Consultant and Registered Investment Advisor. He lives in Washington, Georgia, and can be reached at prestonsanders@bellsouth.net.

NOTE: Any investment can lose value. Don’t buy any stock without a careful evaluation of it’s appropriateness for your situation. See your financial/investment advisor.