All the union trolls want to say the company is a sinking ship. Cash flow is healthy (better than it has been for a long time). The company beat earnings estimates which caused the stock to surge to an 18 year high.
Old with old ideas and higher paid disgruntled workforce (living in the copper world) and in with the new...
I wouldn't put too much into the sick price today.
Investors love seeing cuts because in the short term it boosts profits, and the next quarter is the only thing that really matters to them.
Additionally you should keep in mind that VZ stock typically does well in a down market because we have that dividend and a fairly reliable business. It's a utility, which makes a good safe haven in times of market volatility.
And yet my paycheck gets lower every year and we keep laying people off......all while the company makes billions, year after year. The stock is only at a 18 yr high because it's been stagnant for so long. It's all about the share holders. Keep slinging hums and tablets and switching personal accounts to business to make it look like we are adding new subs, gotta pay that dividend, if we don't we'll have a nice big sell off, and then the company is in deep c-ap!
VMfvqo8-2iwh - That is, unless they have just been putting most of their 401k money into VZ stock for the last 30yrs. (Yes some people have been doing just that.) Personally mine is split up, but I do have a big chunk in VZ and consider that my "Bond fund"... Sure the total value swings up and down wildly, but I could care less as every 3 months another (slightly higher) DIV payment buys more shares. Been doing it a long time and have always believed in owning the stock of the company that pays you. Call me old fashioned. Regardless, when I go to Fidelity and divide my "Cost Basis" by my "Equivalent Shares" It still shows around mid $36/share... Sure I could have made more if I had that portion of the account over in the various equity funds since '09... but I;m still happy with it. Besides, if needed we can always deposit the DIV in our bank any quarter we want, regardless of age. So that's a built in safety net if/when cash gets tight. I'm surprised to see so many bashing the current price below. Sure it will likely go back down before it hits the all time high in the 60's... just like it did the last time it got there so long ago. But neither will effect the DIV that's going to hit my account each quarter. Verizon is not going out of business any time soon. So why not own some.
Well the market is tanking and the 401k is getting hit pretty hard. So if the close to retirements were on the fence with this package, they will need to think a bit harder now.
Op - The stock could get to $180 per share, VZ would still continue to riff. Unless your a shareholder why are you even pointing this out? Everyone knows the company is not hurting for money "we make billions in profit every year" this is a case where the rich want to be richer! So no matter how well the company is doing they realize that they have a lot of dead weight that they can eliminate "which boosts profit" While your intentions were admirable, the premise is pointless.
What does day trading have to do with whether a not a company is worth working for, or whether or not its long term strategy has merit.? A day trader is just looking at short term opportunities where some inefficiency in the market will enable them a short term gain. Sometimes ownership may only be as long as seconds and rarely weeks, and on that point longer term ownership is not sought and is usually due to some error or misstep.
you know how I can tell there aren't any stock brokers/ day traders in this thread?
There are other stocks that have fluctuated and have trended up while still paying a good dividend. Investors buy stocks in hopes it trends up while paying a good dividend.
LOL the corporation after 18 years finally attains a new high in market valuation and at that still only at a negligible level and you think it takes a union troll to see it as a dog. The market as a whole has seen it as a dog. Look at the charts. A window of hope maybe has been opened as of recent to maybe change that hence the recent pop, however as one poster said below "it has gone up and down for years and never broke out". It likely at best may hit 60 for the short to medium term and is just as likely to return to the low 50's within days. Sure someone else below touts it is meant to be stable and dividend paying in effect kind of sounding like a wire line utility there don't you think? Anyone looking for any kind of real growth over the last 20 years would have been better elsewhere. The company maybe is returning and focusing on its roots of being a network owner operator sort of like what it once was instead of trying to be Google.
Sell off wireline. We can see where the money is coming from and it’s not that part of the company. And yes before he said I know wireline provides the path out to the cell sites blah blah blah .
I have pets that are smarter than the OP. Are you stupid, or are you just very very green?
Investors do not buy Verizon stock on hopes that the price will skyrocket. They buy it because it will fluctuate up and down a little, but pays a continual good dividend. If the dividend drops very much, there will be a massive sell-off. That sell-off would make it very difficult for the company to meet its financial obligations.
Op is a rookie. Stick around. This puppy has been up and down for years now, never broke out.
"If Hans gets the stock to 80, let him chop away"
You have a rich fantasy life, don't you, Hans?
1) The stock isn't going anywhere near 80.
2) If it did, it would have nothing to do with you.
"And Wireless is still funding the whole company."
BS! Verizon has been lying to cities and states for years, asking for and receiving rate hikes to repair and build out wireline, then diverting the money to wireless.
Do a little research (you know, that "reading" thing), if you don't believe me.
If Hans gets the stock to 80, let him chop away
And Wireless is still funding the whole company.
"All the union trolls want to say the company is a sinking ship."
Let's see how it Verizon looks in two years, when you turn 15.
(Hint: It ain't gonna be pretty.)
The intended audience isn't employees -- it's investors. Investors are always excited by job cuts, until the business starts cratering. Hans was a hero at Ericsson (with investors) until all the layoffs caught up with him and they had nothing in the pipeline and lost tons of business because they didn't have the people to handle it anymore. Then they ran him out on a rail.
Same jackwad and same tactic at Verizon. Hans' "vision" is cutting employees and making the finances look good, until they don't any more.
Then he goes away with his golden parachute intact and some other mo--n company will hire him. He's here to chop Verizon up -- sell off the valuable parts, then get the hell out of Dodge.
Hi Hans!