VZ has become a worthless giant full of debt due to leadership incompetence. The share price will continue to fall all the way to mid 30s. Luckly Lowel already cashed out his millions when it was near $58.
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Vz (along with ATT) is where retires park their money to collect on the dividend. It's not considered a growth stock. Vz needs to keep the dividend >4.25% otherwise the boomers will start jumping ship, especially in this economy.
The vodafone execs are 10x times better skilled than VZ execs. Those vodafone guys deserve all the bonus for selling VZ shares at the all time high back to dumb vz execs.
lowell already sold millions worth vz shares in high $58s
We are going to roll down the same way ATnT rolled from $45 to $26
Uh, if they cut the dividend watch it drop like a rock.
I do not honestly think the shares will ever hit the 30s even in a major stock market crash.
As a company with 100 billion in revenue a year, and a 4-5% dividend, I think support around 45/ share is a good low ball number.
That is a roughly 20% decline from where we are now and a fair market value for the company.
Now if scandal breaks, and it is revealed what we do to our customers and put the employees through and the organization goes through public shame, as it deserves, I think $40 would be the bargain basement price.
Hopefully that happens and everyone from hans and the c level exec's all the way down to the directors get audited and the ones that deserve let go, I would find the stock bouncing back to 47- 48 in 6 months.
There was a separate topic posted yesterday in the morning which has disappeared..........
@10b6i5v6-1afy: what are you saying???
The IT monitoring of these posts is going to far. There was a post saying “shankies” are IT misfits and incompetent. That’s an opinion (shared by many across IT) and it’s removed ? No names , no initials just an opinion
Looking at the chart of VZ stock there is no way we're just going to bleed to the mid 30s. We held monthly support today at 54.56. Sure if we lose 52.28 we can see upper 40s again but it's unlikely that VZ goes down into the 30s without some serious telecom disaster or recession.
One of the more astute posts on here. Hold Executives accountable for their actions. Look at the track record of little Fran S : he did the Vodafone, Teramark, Yahoo and AOL deals. Four bone head deals losing tens of billions of dollars and he still made crazy money. Horrible performance and legacy.
This leadership bought the Vodafone Shares back at the highest price ever. The Vodafone execs deserve all the bonus they get for steal all the cash from VZ but the VZ execs should be stripped of every bonus dollar amount for this horrible trade.
Imagine how bad this trade is going to look when VZ shares drop to mid 30s.
Quarterly Earnings: Ma Bell, (AT&T) tomorrow morning before the opening bell. Then VZ earnings 8/1 Thursday morning before the opening NYC stock market bell. VZ share should price should reach $61 easily. Believe in what VZ Execs are doing !!!
OP: I do agree it is a lofty share price. Widows and orphan stock. Not a growth stock. VZ share price opened this rainy Tuesday morning eastern time at US$55.45 and is down further this morning.