It's been a rough year across the board for the stock market, but the once high-flying tech sector has been hit particularly hard. The NASDAQ average, which includes many of the more volatile tech stocks, is down about 15% so far this year and roughly 10% on the S&P 500.
As you attempt to recast your portfolio, keep Warren Buffett's advice about value investing in mind. If you can learn to read a company's statistical profile and focus on the key numbers indicating the company's underlying value, you can survive a bear market.
For example, you should always hold a few companies that have established a strong track record of paying out dividends. Prices will always rise and fall, but once a company established a record of having a reliable yield, it will go to great lengths to keep it going.T data by YCharts
The current dividend yield of 5.77% is impressive, and the company has a strong track record of maintaining the payout through all kinds of weather. In fact, it has increased its dividend for 31 straight years.
The most recent earnings report, on January 26, met analysts' expectations. From 2009 through 2015, earnings-per-share growth came in between 2% and 3%. The company is an island of stability in today's topsy-turvy market, and yet there is still room for growth.
AT&T has been around a lot longer than the other big players in the telecom business; it was once simply known as "the phone company." But it has recently made some bold moves to expand its business, such as its acquisitions of DirecTV and Mexican wireless properties Iusacell and Nextel Mexico.