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Buy Verizon (VZ)

Buy Verizon (VZ)

Tomorrow, October 23, I will add shares of Verizon (VZ) to my Dividend Income Portfolio. Verizon’s shares closed at $45.89 on October 22 with a 5.06% yield. Verizon reported third quarter earnings on October 20. By and large the numbers were so-so. Earnings of $1.04 a...

Buy Verizon (VZ)

Here’s what’s wrong with Verizon (VZ): The company’s landline business is slowly shrinking; the U.S. wireless market, which is supposed to make up for the drop in land line phones, is nearing saturation; and the company, which already carries a huge load of debt,...