5 Best Stocks to Invest In According to Bruce Berkowitz’s Fairholme Capital

4. AT&T Inc. (NYSE: T)

Berkowitz’s Stake Value: $12,072,000
Percentage of Bruce Berkowitz’s 13F Portfolio: 0.99%
Number of Hedge Fund Holders: 63

This American telecommunications company ranks 4th on our list of the best stocks to buy according to Bruce Berkowitz’s Fairholme Capital. It is the world’s largest company in the sector, and the second-largest mobile telephone services provider.

Recently, AT&T Inc. (NYSE: T) won a $725 million deal to modernize the US Department of Veterans Affairs’ data network.

Nelson Capital Management, in its Q1 2021 investor letter, mentioned AT&T Inc. (NYSE: T). Here is what Nelson Capital Management has to say about AT&T Inc. in its letter:

“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”