AT&T (NYSE:T) made a deal that will sharply cut both its debt and risk. While T stock declined sharply afterward, the shares are worth buying for certain investors.
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Making T stock even more appealing, AT&T is poised to benefit meaningfully from the bipartisan infrastructure bill that was recently passed by the U.S. Senate. In addition to its media business spinoff and its strong wireless phone business, the recent drop in the price of T stock should be viewed as a buying opportunity for investors.
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