The spectacular success of Apple’s iPhone is spilling over to the telecoms that provide wireless service — particularly the two giants in the business, AT&T and Verizon. This gives rise to an excellent opportunity for long-term investors, since both stocks provide generous yields. Companies as large and complex as telecoms have a lot of other things going on, of course. Verizon has lost ground because its phone sales are not as good, compared with those of AT&T, as investors would like. And AT&T has its own issues, not least the planned acquistion of T-Mobile, which is opposed by some consumer groups. But both pay high yields and stand to gain from rapid ongoing growth in wireless service for phones and tablet computers.
Next Renovate Wisely