When a company acquires another company, any amount paid that's above and beyond the net asset value of the acquired company gets stuck on the acquiree's balance sheet as intangible assets. One class of intangible assets is goodwill, which isn't amortized and never expires. This is the predicament that AT&T (NYSE: T) found itself in during the fourth quarter.
AT&T (NYSE: T) reported earnings this week, and while there was steady growth, a high dividend yield, and strong cash flow, the company continues to pay the price for previous investments. Travis Hoium, Jason Hall, and Jon Quast discuss the company's operations and why they're hesitant to buy the stock.
Those looking at AT&T (NYSE: T) stock for the passive income that its dividend provides will be pleased to see the key highlights coming out of its most recent quarter. Stock prices used were the afternoon prices of Jan.