Sorry but stock not going anywhere. Ceo is not aggressive and seemed ok with 3 percent growth. Move on. I have been waiting for almost 2 years.
I am the guy w 7,000 shares who asked the questions. I am tired of the answer that it's a long term play from ceo. That's nice for him to decide its a long term story while he collects a nice salary, bonus and benefits. Us shareholder get nothing but #$%$ stories. 100 million in revenue and not even 1 % falls to bottom line. Seriously?
Will Verizon remove and cash in on all the unused copper in all fios areas after all customers are on fios? They stated less than 1 million subs left on copper in fios areas at end of year.
The company continues to talk out of both sides of their mouth. While reducing manager positions in cost cutting they hire so called trainers and contractors from a hiring company to sit around and milk VZ. These are all ex Verizon managers. Additionally the company has buildings with lights and a/c's left on at night and weekends with nobody around. Copper thrown in dumpsters and not in recycle scrap bins and the list goes on and on.
When Vz gets full control the stock will be closer to $100 share. They made $4.9 billion profit and sent $2.9 to Vodaphone and kept the remaining $1.9 billion. The earnings for the year will be over $5.00 share if they keep the full profit.
Sentiment: Strong Buy
VZ already warned in Enterprise division on Europe slowing and stock is so overbought. Sell and buy at $40, dividend will be at 5% then.
Good luck.If you are lucky enough to get $15 a share, get out.The charts dont lie or tell stories like analysts. Just remember they upgrade the stock to suck in retail people so they can get out.That's why the small folk are almost on the wrong side of the trade. Look at my previous posts and you will see that I have been consistent in my posts to sell and short. Short
Nobody is buying this pig with $10 bill in debt and cut throat competion. They have no pricing power and now have admitted they need to upgrade to compete with FIOS.The whole cable industry has been sold to u suckers with the promise of lower capex and higher cas flow.Wrong.Cant raise rates,higher capex and lower if any profit. Rutledge was good at keeping all the balls in the air but now it all collapses.SHORT
Cash flow flat next year because of higher capex spending.In other words, Fios killing them slowly. Ceo has very little respect also.Short.