Contra Guys: Bears and bulls are divided over AT&T, but we’re taking a middle-ground approach

It’s inevitable for a publicly traded company to garner a variety of opinions. Whether it be a difference over investment strategy or the simple fact that a buyer will have an opposing view from the seller, “this is what makes it a market,” as the old saying goes.

Sometimes, however, the gap between the optimists and pessimists becomes a yawning chasm. The bulls and bears feel a need to not just voice their opinion, but to do so vigorously, frequently hurling scorn from either side of the canyon.

Ben can’t think of another occasion in his over 40 years of investing experience that matches the volcano of verbiage spewed by analysts over the past year about one particular enterprise. It may surprise you to find that the subject of these arguments is none other than blue-chip telecom AT&T Inc. T-N.

At Seeking Alpha, the online investment community, the bears fire off missives with…



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