WHY? Let me count the ways....
Chart reading: VZ is in a break out mode. Good momentum (increasing volume and percentage gain).
Fundamental is strong:
Wirless sector becomes increasingly larger share of revenue (latest count, over 50%). Wireless will be growing double digit in the coming years.
FIOS part of wireline also will grow double digit as recent government decision eliminates cable monopoly in high density user areas (apartment complexes, etc.) Symmetry broad band wil become increasingly popular as data usage proliferate. VZ is unique in this area and there is no competition in sight.
Recent VZ open wireless decision will reduce subsidy expense of hand sets and will improve earning substantially. Heavy users who dig cool gadgets (e.g. x generation and business users)will bring their own gadget adn migrate to the VZ reliable network.
Any company that is growing double digit is a growth company by definition. VZ is no longer an utility company and is tranforming itself into a technology growth company. If one applies the "google like" PE to VZ, going to 100 in one year is a very conservative estimate.
You want to get in on the ground floor. You do not want to be chasing this stock once it breaks out of the trading range!!
The comment about Verizon no longer being a utility is bunk! Wall Street hype in fact. Verizon still maintains an "outside plant" infrastructure of both copper and fiber network. It provides backbone services for cellular companies to access the local exchange carrier network.
So until all those trucks that say Verizon on them stop rolling or that end of the business is spun-off, they are still very much a utility.
I hope you're right. This stock definitely has the potential to double.It has been ignored for a long,long time..With the mobile media coming,the fios getting completed,Vz getting Daimler contract w/the elite Mercedes Benz and Vodafone reaching as far as Africa,your prediction could very well happen sooner than expected..Gdluck.
Well it appears that we have 7 days to get to that $90+ double.
Ivan on TV, Cramer's rants and still VZ is down. I just guess it showes you that EZ and all his pure BS does not know any thing about VZ or the market. He still has 7 days for VZ to move up, but do you think he will even reach his start price?
CEO's don't get embarrassed, they are trained to spin the numbers and put the blame elsewhere.
Ebbers and Kenney Lay, for example, showed some embarrassement only when they were trapped line a rat in their schemes.
Ivan, you have a job. What they hell are you doing here pumping this dog? It has gone down since you started having anything to do with this stock. Even your buddy UpChuck did a better job at stock growth.
Go back to your office, make a call to Larry B., and ask him what you should do. This must be embarrassing for you.
Yes ezanalyst, a message board pumper. The holistic analysis seems to have holes in it!
14-Dec-07 45.07 45.07 44.37 **44.37** 9,099,400 42.70
5-Sep-08 34.03 34.25 33.51 **34.08** 14,873,700 34.08
-$10.29 BUT their is still three months left before the Double date! Just think what would happen if Ivan is on Cramer's TV show again. buy, buy, buy, buy, like RAD and LVLT.
Looks like that Fios this and that wireless that did not move the stock. The cost of Fios and wireless expansion is still costing VZ money. Maybe that dividend increase will keep people in the game.