
NYSE:VZ
Cheapest it's been for 35 years. Balance sheet has seen beautiful, steady growth. Intrinsic value has slipped somewhat. Lots of upside potential to FMV. A meeting of supreme value, extreme cheapness, and excellent yield. He's not looking for exciting, he's looking for his 7% return. Terrific dividend of 6.92%.
(Analysts’ price target is $44.10)
The telcos in the U.S. have done poorly. Buy a Canadian telco instead.