AT&T: Cash Flow Weakness Looks Temporary, Valuation Still Compelling

AT&T remains a compelling income investment, supported by robust dividends, share buybacks, and fair valuation. Recent FCF decline is attributed to non-recurring items like Lumen integration and fiber buildout; FCF is expected to recover by Q2. T's 500K+ quarterly internet additions and 42% convergence rate reinforce its competitive moat and customer stickiness.