Jul. 6 at 8:43 PM
$VZ The same big money media machine that convinced you that
$SPCX was a good buy at ~
$2T has now convinced you that
$VZ is a good sell at its current price. This is a hit job on investors.
Annual earnings are nearly
$5/share,
$2.83 of which is returned to investors as a dividend - one that’s increased every year for the past 22, mind you.
In 4 weeks, the shorts have to pay a 1.68% (of current share price) dividend transfer to shareholders (ex dividend on July 10th).
Selling at these levels is foolishness of the highest order. Once the paper hands are out, we will resume our upwards climb.
