Thread regarding Verizon Communications Inc. layoffs

It is all one company and it is all going to crap. Life of a contract = 4 years. Which is also crap.

If Verizon goes belly up or is sold off, your pension goes down the tubes. No thanks. I'll manage my own money.

If wireless is so profitable then why so many layoffs and closings of wireless stores?

Wireline is hiring, and they have real benefits, a pension, guaranteed jobs for the life of the contract!

I don't get it

We had to absorb all the insane losses from wireline, who can't even pay for their own existence. So yeah, all the profits from wireless got eaten up by wireline waste to cook the books so frontier will buy up FiOS.

As long as VZ continues to promote rear-end kissing sycophants over qualified, experienced employees the landslide will continue.

this all started with marni walden and those stupid a-- stores whose acc goal was 150/box.

Relax...we are comming out with blow90 4.0 and SuperHum 3.0 next quarter.

Wireline showing significant growth....Wireless showing Zero...actually negative ....So it's a Good thing we sold off 20 states of brand new state of the art fiber including Florida...Texas....and California.

nice.

Re Frontier: VZ is just the worst performing among the 30 stocks in the DJIA, not in the wider market. Competitors such as AT&T aren't in there now (AT&T was removed in 2015)

Oops, I mean VZ's "competitors" such as Facebook and Google aren't in the DJIA. (But Apple is)

And it's ALL thanks to wireless - great job V-Team!

People are still drawn to the dividend. If that starts falling I'm sure heads will roll

Great job Lowell!

I do not know how Verizon could be the worst... Frontier has so far lost -38.02% YTD

Verizon Is the DJIA’s Worst Performing Stock for 2017

24/7 Wall St.

Paul Ausick

24/7 Wall St.April 9, 20174 Comments

Verizon Communications Inc. (VZ) replaces Exxon Mobil this week as the worst-performing stock on the Dow Jones Industrial Average (DJIA) index, a position it last held in February. The stock has lost 8.84% for the year to date.

The shares dropped by just nine cents last week (less than 0.2%), but that was enough to drop the stock to the bottom of the Dow 30.

Investors remain concerned about the hit to revenues that may follow the adoption of the company's unlimited data plan. With all four major U.S. wireless carriers now offering unlimited data plans, has the industry embarked on a race to the bottom?

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Analysts at Jefferies warned:

While the industry remains bullish on growth in data usage, and metered plans allow for some continued enthusiasm, the move by every carrier to unlimited plans will cause carriers to hope for less and less data usage. Almost every pricing action over the last couple of years has continued to take the roof down on ARPU growth opportunities as more and more data was offered for the same, or lower price point. Now with the advent of unlimited plans, the upside from additional usage is gone for those choosing aggressively priced unlimited plans.

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Verizon did pay its quarterly dividend of $0.578 per share last week, a yield of 4.75%, the best among the Dow 30 stocks. That salves some of the pain in the decline in share price, but clearly not all of it.

The acquisition of Yahoo is on its way to completion, but the concern there is how Verizon will perform as a media company. Can the wireless carrier boost its revenue by competing in the crowded media space enough to overcome the revenues it is giving up as it competes for more wireless business?

Verizon's stock closed up about 0.5% on Friday at $48.66 in a 52-week range of $46.01 to $56.95. The consensus price target is $51.82.

I had no clue it was this bad.

Thanks for sharing!

Ask them, it's because the SS did not sell enough Hums.