A second Dow stock that could get kicked to the curb due to both its low share price and poor performance is telecom stock Verizon Communications (NYSE: VZ). Since being added to the Dow in April 2004, Verizon's shares have gained precisely... 0.53% (insert frowny face here). To boot, its $33.79 closing price, as of Sept. 15, accounts for just 222.32 Dow points.
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Businesses like people have their glory days that pass them by.
It happened to Ma Bell (AT&T) and it will happen to Verizon at some point, if not already.
It won’t happen, stop making things up
https://www.fool.com/investing/2023/09/19/3-stocks-that-could-be-kicked-out-of-the-dow/
How can a company with a net income of $20+ billion have a sinking stock price. It’s insane.
2004 was the year that CFO Tobin pushed the Board to increase the dividend and to commit to increasing it annually in order to be an Aristocrat. During those years the stock was in the toilet for many years as well because of the Vodafone overhang and the impact of what was the FAANG stocks on telecom due to FCC 320 and their ability to free-ride across everyone's networks. This was all due to the Internet dot bo-b crisis.
Analysts and investors knew that the company had a good business and cash flow and was able to find its footing and ditch Vod. The stock was double what it is now.
What Hans brought has been nothing short of chaos, 'equity', and its resulting incompetence. Instead of building teams that work together, he is leading the efforts to separate and segregate them.
Where are the shareholder lawsuits, no one can be as incompetent as the current executive team is. The unions should pay attention to what is happening in auto.
The arrogance of the executive branch is unlike anything I have ever seen in 25yrs of working in corporate America. The well is running dry and soon it will be all over..
Can’t wait to hear the positive spin on the next town hall
Surprise , Surprise . Money talks, BS walks.............