Billionaire Ray Dalio Is Wrong About AT&T, Buy These High-Yields Instead

JamesBrey AT&T stock (NYSE:T) is an extremely popular stock on Seeking Alpha due to the allure of its high yield that is seemingly well-covered by earnings and free cash flow, its relatively stable and defensive business model, and its seemingly extremely cheap stock price. Moreover, legendary billionaire investor Ray Dalio's hedge fund - Bridgewater Associates - recently purchased a stake in the stock, further adding to the bullish consensus behind it. That being said, I believe that Mr. Dalio's firm i ...