Sorry but T has inferior product to VZ. Only reason why T is up so much in past few days is because of the "safety" it has for hedge funds who rolled out of the high flyers. So when it's time to get back into the momentum stocks, T will go back to where it was a month ago. The next 10% is to the downside. But hey, if you stick it out for a whole year, you'll get half of that back in dividends!
Future_is_fiber, your name is on the money but your T call is not.
T has a dividend yield that is very good which indeed gives cover for those seeking cover. Couple that with the outstanding 425 million shares in buyback authorized as of March 31 and you have a recipe for a rising share price. *T had 125 million share outstanding authorization from prior and authorized another 300 million shares. What you should know is Stephenson made a comment during an investor call that they liked the stock at $32...hint, hint :-) = buying back. The additional authorization was announced March 31 well after the $32 comment was made. A ton of shares being put into treasury but none retired in past 18 months or so?
VZ and T both have fine products. VZ just going through some hefty consolidation after the big increase in float on the back of acquiring 45% stake of VZ Wireless from Vodafone. Patience and no need for you to come here bashing T. The competitive threat might come to VZ by way of a possible T/VOD merger.
Some head winds here in present $36 area for T but earnings will come knocking and any beat of modest proportions could push shares higher into a $37 print. Don't see shares going beyond $37 print unless they have a pretty strong report. The move from this level will hinge on earnings.
T headed for $3 eps eventually, 2015 maybe.
VZ headed for $4 eps b4 T gets to $3, I would say T was more expensive than VZ right now. I like both but T has come up a lot from under $32 just a month or so ago. I own both, not sure which I have more shares of, do admit i have more $s in VZ but I want both to succeed.