T: Take advantage of the recession

If you're a long-term value investor, T is a great value right now. No one questions the fundamentals of the company. It's down about 30% in a year, but so is the Telecom Industry. While stocks aren't guaranteed to rebound, industries usually do. The fact that it's down about as much as its industry proves that it isn't a fundamental problem with the company, it's simply down with the market. If you look at its competitor, Verizon (VZ), their numbers are almost identical. Even analyst ratings are all the same for the two companies. The tie breakers that lean in T's favor are P/E (11 vs. 13) and market cap (140B vs. 80). With short-term uncertainty in the market and telecom industry, I'd rather buy the cheaper company with twice the market cap, since it is better fit to weather any market downturns. Not to mention T has a longer history of profitability and adaptivity than VZ. Oh yeah, I almost forgot, 7% yield! on such a solid blue chip. Even if the stock goes nowhere, you could make 7-8% with dividend reinvestment. When the recession ends I wouldn't be suprised to see stocks rebound 20-30%, and until then a 7% yield is a good consolation.