I diversified and got out of the majority of VZ shares at $52. See you on the flip side down in the mid-$20s. Don't catch any falling knives.
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Its actually not that bad and shamwow is not that smart. Really.
Verizon's problem is that investors are only buying the stock for the dividend, not growth. So anything that threatens the dividend is bad. Likewise anyone who pisses away cash offends the bond holders. Right now we have a potential for a problem in both because of the strike and the piss poor quality of the things that Verizon has been buying.
Lowell will have a rough week this week and going into the Annual Meeting. Of course the reason that it is being held in NM is because the company is terrified of a lot of red shirts showing up at the meeting.
He has a bigger problem now in that while he looks and sounds like the hollywood casting CEO, he has done nothing but screw up since he replaced Ivan and pushed out all of top execs and replaced them with his own picks. That is fine if they make money rather than waste money.
But now they have a real problem with the wireline business and a bigger one with PR. The company is at odd with ALL presidential candidates in the 2016 election and got caught fibbing about Verizon's taxes in his pissing contest with Sanders.
Lowmac and shamwow are not smart enough to do an Enron. They are more like a Confederacy of Dunces.
http://2.bp.blogspot.com/-QXqu5kyItPs/UCMVctPEpSI/AAAAAAAAMiA/M-AoJR_rb9A/s1600/cook-the-books.jpg
Pretty much. Especially since Shamwow wants to sell bonds against future device payments from customers.