Jim Cramer on AT&T: “It’s Time to Sell”

AT&T Inc. (NYSE:T) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. A caller mentioned that they inherited a few hundred T shares and asked if they should hold or get “rid” of them. Cramer replied:

Okay, look, this is a great question because you’re going to have some tax considerations if you sell. I want you to look that over. You can always ask your accountant. But I don’t see a lot of growth, and I like growth stocks, and I’m not going to recommend a stock just because it has a good yield, because I can get that from a bond. So, my advice is this is up against Starlink; well, I don’t want to ever be up against Starlink. It’s time to sell.

AT&T Inc. (NYSE:T) provides telecommunications and technology services, including wireless communications, broadband, and internet solutions. A caller sought Cramer’s advice about the stock during the May 18 episode, and he responded:

No, I don’t want to be in AT&T, and I’ll tell you, I also am very concerned about rural. I’m very worried about Starlink. I think Starlink is, and I also think Leo from Amazon, both of those are going to be considerable competitors to the rural part of a company like AT&T.

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