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Verizon Communications Inc. Message Board

  • ezanalyst ezanalyst Mar 13, 2006 1:01 AM Flag

    VZ Big Trouble at The Pass !!

    OK, folks,

    Get ready for VZ breaking the $30 support floor to $25 which is the new support floor.
    My sentiment is changed to strong sell for now.

    Now why do I say that?

    VZ was doing about 30 before the recent unexplained run up to about 33-34.

    I think this was due to street rumor of T buying but it turned out to be not involving VZ. Turned out the premium went to BS. So, VZ will gradually settle back to 30.

    Assuming that VZ spends 40B to buy the rest of VZW from Vodaphone and assuming VZ buys it at a market premium of 25%,about 10B premium (a reasonable assumption as 20%was the premium paid by T to buy BS), that means VZ stock will take a hit of about 3 points.

    There is also the unfunded pension obligatin of about 20B. Not all have to be booked at one time. Assuming it is paid over four years, 5B per year, it works out to be about 2 points.

    So the total works out to be about 5 points down from 30.

    Looking at VZ be at 25 in six month.

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VZ
51.28+0.23(+0.45%)4:00 PMEDT

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