IPO Stocks to Sell Now: Altice USA (ATUS)
It’s possible some investors bought Altice USA Inc (NYSE:ATUS) stock after its June 21 IPO, mistaking the Dutch cable company’s U.S. business for T-Mobile US Inc (NASDAQ:TMUS), the U.S. wireless business of German telecom giant Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY).
Ok, so that’s a stretch, but do investors really need another cable and internet investment? I don’t think so.
If you bought shares in the IPO, do yourself a favor and sell them, using the proceeds to buy Comcast Corporation (NASDAQ:CMCSA) in its place.
In five years you’ll thank me. Quality always wins out.
As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.