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VanLang76
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Old 09-11-2019 , 11:01 AM     VanLang76 est actuellement connect  search   Quote  
Jim Cramer endorses Elliott Management's stake in AT&T: 'I bet the upside is huge'
Tyler Clifford | @_TylerTheTyler_
Published 16 Hours Ago Updated 16 Hours Ago
CNBC.com
"AT&T's a cheap stock, trading at less than 10-times next year's earnings, 5.5% yield that I believe is safe and now, finally, thanks to Elliott, a catalyst," CNBC's Jim Cramer says.
"That's why I think you should be buying the stock. I bet the upside is huge, even with just a little bit of improvement," the "Mad Money" host says.
Cramer thinks Elliott Management, the same activist firm that helped improve value in eBay this year, is an organization that can spark the needed interest of big fund investors.
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