Dan will never get stock price to $75. Verizon is $175 billion in debt, paying $8-$9 billion per quarter in interest payments. Not only that, technology is moving fast, which means the next telco displacing newcomer is waiting on the wings. Verizon is paying today for 20 years of bad investments. No amount of inflation will save them from bad debt and investments, especially since cellular plan prices have gone down and increased data to unlimited. If you adjust today’s telco charges to inflation, not good for Verizon, even if it helps the debt burden.
1 reply
Zero chance... Dan has the legacy of Hans hires and polluted Director level culture built on nepotism and DEI.
Stock will be $38- $42