[Woody]

Greg,

I had a question about T.

It looks like the stock price has decreased about 20% to 25% in the last ten years. I see it has a dividend rate of 6%. So my question is: I thought we were looking for stocks with good charts and a good dividend rate? The chart is not good over the last ten years. Is that offset by the 6% dividend rate? I realize a 6% rate over ten years is approximately 60% (not compounded). So the total return would be somewhere close to 35%to 40% over 10 years, which is about 3.5% to 4.0% per year.

Maybe this is what you would consider a "steady eddy" that is a conservative pick due to its high dividend return?" I am just trying to understand the reasoning on selecting T as compared to some other stocks with better charts.

Thanks