The reason for all these changes is due to fact warren Buffett pulled out back in March.
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Vz was supported to be buying the stock back well would YOU be a buyer at $62 or a buyer at $45 a share?
Oh and you get a dividend of .64 at $45 a share vs -$62 a share which is better?
Verizon is a weird stock for sure
The only way it loses if the dividend decreases.
Our customers can't find help from the outsourced offshore roadblock call center people. Then they come to the store to find short staffed 2 hour lines.
No buffet pulled out the quarter before. It's because our expenses have outpaced our revenue. Our subscriber base in consumer post paid is shrinking, and our network is no longer superior.
Of course, nothing to do with the disappointing quarterly earnings call and numbers.