To each his own. Over many years I have found that holding between 8 and 12 "good" well-researched stocks is better than "deworsification".
I've been a KKR owner since the 8's and 9's and have bought more on its way up. T is about 12% of my entire equity holdings.
I recently asserted that KKR's price problem is that it is too much of a mystery.. For this I got 3 "thumbs down", as if the "thumbers" actually know something.
I don't get it. For example, the market abhors uncertainty, but nobody seems to know what KKR's actual indicated annual dividend yield is.
Also, there is significant disagreement as to the earnings outlook among analysts, according to Yahoo. They range from $2.34 to $2.87 for 2.15, and $2.49 to $3.05 for 2.16. That reflects the difficulty in forecasting returns that pay the dividend.
IMO, KKR will make out okay but it is a bargain because it is a mystery to most investors.
KKR's problem is that, as Churchill put it about Russia, KKR "is a riddle wrapped in an enigma, inside a mystery."
Most stocks, most of the time, trade on future earnings expectations, not their past results. History is only helpful as an ingredient in the forecasting process. The information given in KKR's quarterly reports rarely gives a hint as to where its future is headed.
In KKR's case, Wall Street analysts have been cutting their earnings estimates for 2015 and 2016. Stock rarely go up when earning estimates are dropping.
At a yield of 5.7%, of course you're buying T for income, which is a lot better than you can get at a bank. And, it grows a little each year. There are only a few top-rated companies that yield over 5%; T is one of them.
From the 8-K:
"The purchasers of these securities were accredited investors who were provide full information regarding the Company's business and operations."
As of March 27,2015, only the company and these "investors" know what's happened since September, 2014.
That's 6 months ago!
What about the rest of PLSB investors?
PLSB just sold 10,050,000 units (1 share + 1/2 a warrant) at $0.10 to "insiders". Did any of the ravers get a chance to buy in this deal?
Because of Shell's strong finances, the dividend is sustainable but will probably not be increased until oil prices recover from their slump. It is one of very few top-quality stocks that pays you over 5% while you wait for better times.