AT&T (T) Reports 2Q'02019 Results

AT&T reported 2nd-quarter 02019 results and I liked them.

From the press release.

"Cash from operating activities was $14.3 billion, and capital expenditures were $5.5 billion. Capital investment – which consists of capital expenditures plus cash payments for vendor financing – totaled $6.5 billion, which includes about $1.0 billion of cash payments for vendor financing. Free cash flow — cash from operating activities minus capital expenditures — was a record $8.8 billion for the quarter."

$8.8 billion free cash flow seems like a decent flow of cash.

AT&T closed yesterday (23 July 02019) at $32.09. So far today, at 8:50am MST, intra-day high has been $33.39. Current 52-week high is $34.37.

Merge AT&T and IBM Into One Company

16 July 02019 headline: 

"AT&T and IBM Announce Multi-Year Strategic Alliance"

Hmm... Now I'm thinking about an AT&T/IBM merger.

AT&T and IBM market values on 16 July 02019.

   AT&T    $245.603B   
    IBM    $127.575B   (includes Red Hat) 
   =================
   ATTIBM  $373.178B   ($373,178,000,000)

Comparison market values on 16 July 02019.

   Microsoft   $1.056T     ($1,056,000,000,000)
   Amazon.com  $995.22B    ($  995,220,000,000)
   Apple       $946.787B   ($  946,787,000,000)
   Alphabet    $799.494B   ($  799,494,000,000)  [Google]
   Facebook    $582.573B   ($  582,573,000,000)  
   ATTIBM      $373.178B   ($  373,178,000,000)  [AT&T + IBM]

I'd be shocked if the federal government would 
let AT&T and IBM become one company, but...