Sylvain Roche @montana063: "📌 Monthly DCA update —..."

France

📌 Monthly DCA update — Reinforcement on $T.US (AT&T Inc) This month, I decided to reinvest my DCA into $T.US / AT&T. The position is currently around -20% on my portfolio, so I see this as an opportunity to improve my break-even price while keeping the weighting under control. I want to be very clear: this is not a “blind average down”. I am reinforcing because the company still has characteristics that fit my long-term strategy: 📡 Defensive telecom business 💰 Strong recurring cash flow 📊 Attractive valuation compared to earnings and cash generation 📥 High dividend yield 🏗️ Ongoing investments in 5G and fiber 📉 Current market pressure that seems more linked to fear and sentiment than to a collapse of the business The recent pressure on AT&T is mainly linked to concerns around competition, debt, capex, and the possible impact of new players like Starlink in the telecom market. These are real risks, and I do not ignore them. But for now, I do not see AT&T as a company in fundamental distress. It remains a large, profitable telecom operator with recurring revenues, a significant customer base, and strong infrastructure assets. Of course, AT&T is not a fast-growth stock. It is a slow, defensive, income-oriented position. The goal here is not to chase explosive performance, but to benefit from valuation, dividends, and long-term cash flow while managing the risk through position sizing. That is why I am reinforcing progressively, not aggressively. The key points I will continue to monitor are: 🔎 Free cash flow 🔎 Debt level 🔎 Dividend coverage 🔎 Mobile subscriber growth 🔎 Fiber growth 🔎 Competition from Verizon, T-Mobile and Starlink 🔎 Management discipline on capital allocation For my copiers, the most important point is this: I am not increasing risk blindly. The weighting remains reasonable, and this reinforcement is part of a controlled long-term strategy. When a solid company falls while the fundamentals remain acceptable, I prefer to act with discipline instead of emotion. That does not mean the stock cannot fall more in the short term. It can. But as long as the long-term thesis remains intact, I am comfortable using weakness to improve my average entry price. 📌 Copy Info 👥 62 copiers 📈 12.6K followers 📊 2-year return: +53.37% 📅 2026 YTD: +17.71% ✅ Profitable weeks: 67% ✅ Profitable trades: 71% 📉 Beta: 0.8 Minimum copy: $1,000 Ideal copy: $2,000 + regular monthly or weekly investment $T.US $VZ (Verizon) $T.US $SPX500 $NSDQ100

Not investment advice. The author may have financial interests in the mentioned instruments.