What changed over the last month or so? We were at $50! I was optimistic that Dan was turning around our firm post layoff and new strategy. Our net add and cash flow numbers were impressive and further OpEx reductions + stock buy backs + dividends was meant to turbo charge our stock to ~$72. What happened? What changed? Does the street know something that we don't?
28 replies (most recent on top)
The layoff back in December bumped the stock price for a short period of time.
Let's see after Q1 earnings in 2 weeks
That means network between data center build is delayed or cancelled.
Also... On the ex-dividend date (April 10), the stock exchange automatically reduces the share price by roughly the amount of the dividend ($0.7075)
@ef edit: it gets priced similarly like a bond would.
Why? because Vz is a revenue stock and it's gets similarly like a bond would.
Unless there's any indication that the dividend will rise then the stock will not rise.
Now that the post employee-dump speculation has died down, it's clear that their is no plan to improve the business enough that would result in any substantial and sustainable dividend increase. As a result, the stock price has returned to reality.
The sugar high has worn off and another mass-firing won't replicate another sugar high.
@e1 " a series of CEOs who would be better off spending their time with their grandchildren."
THIS sums up almost every major American corporation.
@e7 Cramer kiss of death 💋
Oh sh-t - Jim "Mad Money" Cramer thinks VZ is a good stock.
"Well, I mean, I gotta tell you, Verizon’s actually got some game here. It’s got a new CEO. It’s starting to move up. I care for Verizon. I think it’s well behind the market. I think you got a good idea. I’m not kidding. One of the best ideas around, frankly."
We'll be lucky to stay above $38.
$46 and dropping like spaceship
There were predictable reasons for the stock decline. A better question to ask would be why it should continue increasing? Major investors are not stupid and can see through the pump and dump scheme, increasingly toxic corporate environment, a lack of productivity and long term sustainable growth strategy. The change of financial reporting smells - it reduced transparency, making it harder to track specific metrics like postpaid subscribers.
Then the big beautiful debt, wasteful investing in deadend products and a series of CEOs who would be better off spending their time with their grandchildren.
Layoffs and stock buy backs are a sign of desperation, a band aid, not a long term strategy.
CEO who is wary of answering employee questions is weak and cannot be trusted to helm the ship through rough seas while throwing sailors overboard
The street knows something you don’t, clearly. $72? Hah.
It was the buyback funded by savings from layoffs and additional debt.
In the short term, stock buybacks typically push prices higher. It’s a mix of basic supply and demand (fewer shares available) and investor psychology. The signal alone management implying the stock is undervalued, can drive short-term demand and lift the price.
But long term, if there’s no real growth behind it, the price will fall back.
Simple as that.
This bunch isn’t focused on Verizon’s future.
@aj gas prices still under that of Biden! And all stocks are well above where they were under Biden. Take Boeing Co for example... just one of thousands... one 10/24/2024 Boeing stock was at 155 per. Today the same stock is at 220.06. I know fact don't matter to you people with TDS, but really... the numbers don't lie!
Verizon stock goes down when markets go up. No revenue growth, weak Executives and execution, BOD considered weak by Wall Street.
The price of the stock goes up and down down just like head countà
The stocks down.
Quick, lay off another 15k and raise the dividend!
@OP verizon does not change,it makes the same mistakes like before and then they call it progress..lmao this company dropped the balll years ago and everyone else surpassed them.this company has the arrogance of a bully in high school,once the bully gets punched in the gut,he or she is never the same ,then they crawl under a rock.well the rock thats on top of verizon is too heavy to lift off .just like dans pay chk so things will never change
When they announce the 10k layoffs they planning it will go back to 50. Again this is not sustainable able
Space X is rumored to be bidding for Spectrum. The street feels Telecom costs will rise by having a well capitalized competitor
@a7 , literally infuriates me every time I am reminded of that putz collecting $20 million, while us peons struggle to make it paycheck to paycheck
All stocks are falling… it’s called Trump and the price of gas
@a7 Was Lowell McAdam a foreigner? That guy was no brain surgeon either.
@a7 the south Asian mafia does not approve of this message….
Agent Orange mixed with apple jewice
Hanz first destroying everything in his path and then secondly walking away with 20 million dollars of our money was a double hit. That didn't help but hopefully we learned our lesson about hiring foreigners to be anything other than custodians.
Did all stocks take a hit due to the Iran etc?
A healthy correction back to 40