Jim tells us what we as employees already know... "The fact is is that we don't want to buy a stock just for its dividend, but if it's not growing. Verizon to me has lost its way, I don't think its management is very crisp anymore, and I don't care where you bought it, I care where it's going, and I think it's going nowhere."
24 replies (most recent on top)
Hans is a woke globalist, he drove VZ down the woke broke path. He quickly ran out all the highly qualified (older/experienced) white male talent and replaced them with foreigners, leftists, women and minorities that were not qualified. Hans spends more time on his woke agenda than driving profits.
Kramer is definitely right about management. Vz keeps retreading all the same people that were part of the failure in different positions thinking a “restructure” will make them all of a sudden get great ideas. Lol.
Sure Fraser's comments were about VZ?? Sure sounds like he was describing T!
Post ID: @2zqw+1nUkVQVx
RE: India
You need to be clearer, and I am an 1st generation Asian-Indian. The complaint you share is only relating to VZ's Information Technology concentration of IT personnel!!!!
The other feedback items to this topic, incompetence, relate, and rightfully so, to the current CEO and this CEO's selection process for the EVPs within the organization. The EVP tier has destroyed this company because most, not all, are or were, foreigners. Mostly all incompetent.
Additionally, unthinkable, the male EVP (and female SVP) of Networks, previously presiding over the #1 best rated cellular network and losing the #1 status to the previously smallest competitor -- aka, now the Big Pink.
Shaddup….
A corrupt foreign CEO fired from his prev CEO job. Majority of top execs from India - the most corrupt country in the world to do business with. If you can’t defeat a Country using military forces, take over their major infrastructure corporations (tech/communications) and destroy them.
Jim Cramer is a clown.
All I can say is Im glad i sold it all at 54.00 a share - my money looks fine with Intel, Google, Amazon and Apple -- I am thrilled
PS - One of my homies taught me how to make 10 to fifteen percent off this stock every year for years. If you were around for 20 years then you witnessed multiple periods where you could have exited, pocketed cash, re-entered, collected the dividend, exited....
Hans is the only loser who has interfered because he has yet to deliver on a single promise apart from making Verizon woker and broker.
"" I have an unrealized loss as a Verizon shareholder of $12.5k after being an investor for over 20 years. "
The relevant word is "unrealized". The other one is that you have been a twenty-year shareholder. That would mean that you were around for the lows of the dot.bo-b era.
Don't sell and don't lose.
The dividend has been increasing since 2004. Five years from being an Aristocrat.
Hans is definitely on his way out as the insurance companies and pension funds are pounding in Blackrock and bleeding from real estate. They will not put up with Hans. Gone by year-end.
Post ID: @aqh+1nUkVQVx
You are absolutely wrong.
Not proud, albeit I have an unrealized loss as a Verizon shareholder of $12.5k after being an investor for over 20 years. The VZ corporate quarterly dividends offset this amount of the unrealized losses.
There absolutely has to be growth. There has to be share price appreciation. You dont know what you are talking about.
Everybody on this board is smarter than you think we are.
How dare he!
"Spectrum Mobile uses Verizon's network for its phone plans. This means that you can bundle your Spectrum phone service with your Spectrum internet and/or cable bill and still access Verizon's coverage across most of the US."
Spectrum of course is one of Verizon's many MVNO's providing better service for less money. Hmmm.
Verizon management SU-KS!! at best.
VBG Kathy and PWC knew that Biden was going to win and was prepared with a 'Build Back Better" presentation the day after the election. While Hans did not get appointed to the Blackrock board until after he had been VZ CEO, Blackrock most certainly picked him to be VZ CEO. Hans, is a World Economic Forum Cheerleader and Wildchild, which accounts for his ineptitude in leadership, inaptitude in US telecom markets, and in excuse for his lack of integrity.
Everybody knew who Hans was once he was appointed to the Blackrock board. Then all of the internal insanity and woke nonsense all made sense. Just like the insane package that encouraged people to leave shortly after he arrived.'
He was picked to take the company down from its once lofty perch. That is how 'equity' works. That is why there are so many weak revenues but strong customer SLAs with so many prepaid MVNOs. and even FiOS competitors. You really have to work hard to take down a 'utility' stock as far as he has during his tenure.
This is going to connected the dots for you. Hans is on the board of blackrock. Looking it up, now you will see the full picture.
"The question becomes not how much you made on your dividends , but, how much money you have lost per share since purchase."
Not a dime. Not a nickel. Not a penny. Nothing.
Traders sell stock, and investors hold it and watch their money appreciate over time. Hans is a problem and so is Blackrock's meddling in the Dow Jones company's affairs. The tide always turns and Congress has just opened a new hearing into Blackrock's bad ties to China and globalist things, and the resulting pressure on companies to submit.
Hans has outlived his time. His track record is terrible and his management team does not exist. That is why the stock is down deep. He will not likely be the speaker at the next annual meeting and I expect my heirs to make a tidy profit when I am gone and the stock is sold, but not too soon.
The question becomes not how much you made on your dividends , but, how much money you have lost per share since purchase? VZ was a great stock when the business was growing, however, those days are behind us and I don't see any earth shattering projects that we are working on to one up the competition.
Just received my $6,525 in fat dividends into my Fidelity IRA account and that is a sweet piece of meat to put on the table. Most of the arguments here, and from the never-right Mad Money, keep running down the loser's road of ruin in trying to make VZ into something that it is not.
Verizon is not a growth company. It is a widow's and orphan's stock relied on for income. Speak with anyone in IR and they will tell you how the street tracks VZ price movements versus the 10-year US Treasury bond. Pension funds and insurance companies and many retirees own Verizon for its dividend. These shareholders tolerate the side-hustle investments in the hopes of securing cashflows into the future, but none of these prudent investors are in it for the capital appreciation. In fact, those individuals who chase capital appreciation returns are never interested in dividends and rarely get returns that exceed the S&P for more than a year or two.
Clearly, these posters should not be working here because they do not understand the economic nature of the business, cash flows, and capex. This is what HV and his DEI have really turned into a DIE result in the marketplace. Long-term Verizon income investors know that the company will outlast both HV and YOU!
The current state of Verizon is a pathetical, distressingly inadequate, embarrassment.
At the least Cramer's commentary is consistent.
Almost, verbatim, the same answer a few weeks back when a telephone caller asked about VZ.
This is actually great!! I'm hoping they add Verizon to the Inverse Cramer Fund.
I missed last night's episode of Mad Money.
Appreciate the post. The comments have merit.
Go, Long Verizon????
The Verizon "curse" continues.
Better late than never, change forthcoming???