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"We've had AT&T stock for years. Pays a nice 5% or more every year, with quarterly payments, and not apt to go anywhere."

If you had a 300 shares of AT&T back in the 1960s, it paid a nice dividend. Ma Bell.

Then divestiture hit. Suddenly you wound up with , what, 8 new stocks - the Baby Bells and Bell Labs. Then from that, over the next decades, the Baby Bells spun off wireless business and white pages. The white pages stocks headed to zero. Bell Labs stock - went down, merged with Alcatel I think, they went BK along with most of the white page stocks.

US West hit the skids....

then the Baby Bells consolidate - at first there were 7(?) then it's down to a couple, then AT&T gobbles some of them up......

So...owning AT&T for 50 years would NOT have been a great idea. Half the spin offs went BK or down to single digits.

Things like Verizon spun off Frontier (a loser).....for home phone service and FIOS in some markets.

Yeah, AT&T and Verizon wireless doing great.... but half the other stuff isn't even around any longer..and you would have wound up owning it too...

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