Verizon CommunicationsVZBUYOct 18, 2016Stock price when the opinion was issued
As of Oct 23, 2026. Market Open.
Starlink is a bit of a red herring -- Elon is a promoter, and this is a long-dated opportunity (if it happens at all).
Stocks overreacted to the downside. About 80% of the 1-day fall was made up in 5-6 days. Produces significant cashflow. CEO is more of an entrepreneur. Great opportunity. Yield is almost 6%.
A changed company. Older business model was volume-based, now has a bit more of an entrepreneurial spirit and is a bit more growthy. Cutting back on getting the customer at any price to a higher-quality customer. New focus is turning up in cashflow. Returning a lot of cash to investors, lots of buybacks.
Defensive play. Yield is 5.67%.
Stability and good cash flow. They are reinventing themselves. Over 70 percent of business is wireless. They have a big Cap–X budget every year. He thinks we will see some decent growth from them. 4.6% dividend.