It's been more than a month since nearly 40,000 Verizon workers went on strike. And it looks like the labor problems are taking a toll on Verizon's business ... and its stock.
Investors have hung up on Verizon (VZ, Tech30) lately. Shares are down nearly 5% since the strike began on April 13.
That's worse than the broader market as well as telecom and cable rivals AT&T (T, Tech30) and Comcast (CMCSA).
http://money.cnn.com/2016/05/25/investing/verizon-strike-stock/
The stock has been below $50 for a few days now. That is a warning signal. The only thing that keeps it afloat is the dividend yield.
However, losing customers and making bad investments threatens the dividend. It looks like the market is waiting to see how this will break. But based on the C-suite exhortations to the banks and analysts over the past days, it looks like things are not going according to plan.
Verizon's stock isn't hurting that much and overall has still outperformed most of the S&P for 2016. The stock will take off once the business gets rid of the Union riff raff, just as it did when Lowell planted his foot in the arses of the Union's in California, Florida, and Texas.
I'm sure it was, but how much it would be wasnt
Do you honestly think a drop in Stock price was not anticipated during a strike?
That article is from today, get your facts right, company shill
??? the stock is back up today, get facts right troll
*company shills
@fvy - wishful thinking again. It just shows me that the company should were wrong, as usual. The strike is impacting Verizon's stock
Imagine how it will the stock will takeoff once they finally harpoon the union whale.