http://www.msn.com/en-us/money/other/verizons-dividend-problem/ar-AAqZCpB
3 replies (most recent on top)
" I have been saying this since 2015. Time is running out."
So will you be wrong if it doesn't happen before, oh, I don't know, 2025?
I posted a few articles from seeking alpha on this a few months ago and everyone laughed at me.
Now it is on a more mainstream site msn. Still laughing about this? Remember Enron? They kept the wool pulled over everyone's eyes until it all unraveled very quickly at the end. Just wait. Verizon is on a death spiral. I have been saying this since 2015. Time is running out.
"Verizon’s debt to equity ratio now stands at 4.9x, which is very high. It would certainly not surprise me to see this ratio tick up as we exit 2017. I do not see how the company significantly pays back their debt while maintaining their dividend. There is not enough cash flow to pay the dividend, let alone pay the dividend and reduce leverage. The only feasible way for Verizon to achieve this would be to start selling off assets again."