Despite still being in the process of integrating the DirecTV deal, AT&T (NYSE:T) has already reached terms on a deal with Time Warner (NYSE:TWX). The deal is troubling considering some of the benefits from the last deal aren't working out as predicted.
The stock has already taken a sizable hit as competitive threats in wireless remain an issue and AT&T probably rallied too far from $30 to $43 this year. The stock took some hits due to the Time Warner buyout rumors as well making the dividend yield above 5% potentially attractive.
