How Much Longer Can Verizon Cook The Books Before The Stock Crashes And Investors Lose Billions?
10 replies (most recent on top)
Hillbilly techs should not quote financial information. I would not be surprised if the OP was from Brewster NY, a nice town taken over by backwards phone company losers.
@ksr, $25 million is actually based upon the current scab workforce completing 33% of all new installs and successfully completing 66% of all trouble calls. Again I have to point out to you that you are not very intelligent. As last reported by a Verizon spokesperson, few if any installs have been completed since the strike and there is still a growing back log of trouble calls. Please don't bother trying to retort......BadaBoomSmartestGuyInTheRoom.........or in this case, post.
ACH here: ok. Let's assume that Dr Evil's estimate was correct at a loss of $25,000,000 per week which assumes that the entire customer base has suddenly cancelled service and no new customers want FiOS. If we assumed this loss continued for say 20 weeks, that would represent .003, less than one half of 1% of VZ total revenues from 2015, which were $132,000,000,000. Your number is wildly overstated, but even if it was true, it is immaterial to any auditor. Lowell, Shanno and Stratton have little incentive to cook anything, except the Union heads leading the charge! Now, if you start working again, I can provide financial guidance so that you don't get mislead by the rags you currently read.
@mpu, no the number is not made up. If you were as intelligent as you are always on here bragging about, you would be able to take the financials and come up with a pretty accurate number. (+- of approximately $10 million.) Based on the current scenario, my guess is that the number is actually higher than $25 million, but I thought I'd give the criminals the benefit of the doubt.
LOL LOL LOOL @ INVESTORPLACE.COM
http://www.nydailynews.com/opinion/strike-middle-class-article-1.2619438
woah!
uh oh!
not the much respected and completely neutral news source... investorplace.com!
apparently, a lot longer numb-nuts
http://investorplace.com/2016/04/verizon-strike-vz/#.VyT5je_2bIV
LOL and the $25 million per week in net losses. Made up figure.
No one at this point has any idea if there are any net losses, let alone how much.
The union people just seem to make stuff up at will.
@qcg, This union guy could do much better with the financials than those currently doing them. Thing is, I would have to take a pay cut, sooooooooo, no thanks.
The union guys don't want Finance folks doing EWA work. May I make a suggestion? Splicer's Helpers should not comment on financial statement preparation. Thx, buddy!