Tim Brown: Score With AT&T

07/02/08 - 11:23 AM EDT

T , AAPL , VZ , S  
Tim  Brown

There is something to be said for going with a safe play -- especially in a scary market. A lot of the stocks I pick are well-known companies -- blue-chippers. They are established, and for the most part, you know what you are getting. They have a track record of success.

On the field, the same rules often apply. Take a look at free agent running back Shaun Alexander. A few seasons ago, the guy was at the top of the league in rushing yardage with the Seattle Seahawks. Now, three weeks before training camp, he doesn't have a team. Several teams are reportedly interested in him, but as of right now, he doesn't have a home.

Alexander is a guy who is the product of an offense. Is he talented? Yes. Will he lead the team? No. That being said, he doesn't lose any games for his team. There's a lot to be said about that. Alexander learned to be a team player, don't say too much, just keep collecting the checks ... oops I mean running the ball! All and all, he is somebody I would want on my team. He may not win it for you, but he definitely won't lose it.

For today's play, I like AT&T(T Quote).

At $33.30, the stock is a great value. It is trading near the bottom of its 52-week range of $32.65 to $42.97. It shed almost 20% of its value in the last year alone. The company has $2 billion in cash and more than $34 billion in operating cash flow.

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