BT: a cheap stock with a secure dividend

BT is still great value despite the telecoms stock reporting falling sales, says Phil Oakley - and it comes with a tidy dividend to put away.

Is BT in terminal decline or will its broadband business put it on the path to prosperity? Today's results give support to both arguments but here's why we'd still buy the shares?

Sales down, profits up

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.