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Verizon (VZ)

Verizon (VZ). Ben Hsu and Sangwon Kim. Recommendation. Buy at current price (~35-36) Sell at around 42. Background. Telecommunications services Provides TV, internet, phone, and wireless CEO is Ivan G. Seidenberg Split from AT&T, called Bell Atlantic Corporation. Numbers.

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Verizon (VZ)

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  1. Verizon (VZ) Ben Hsu and Sangwon Kim

  2. Recommendation • Buy at current price (~35-36) • Sell at around 42

  3. Background • Telecommunications services • Provides TV, internet, phone, and wireless • CEO is Ivan G. Seidenberg • Split from AT&T, called Bell Atlantic Corporation

  4. Numbers • Price (as of Wed.): 35.49 • 52 week range: 25.99-37.70 • Shares:2.83 billion • Market Cap:100.32 billions dollars • P/E: 228.1 • Dividends: .49 • EPS: .16 • Beta: .65

  5. Chart

  6. Competitors • Sprint • AT&T • T-Mobile • Also, in the past half year, Verizon stock has been doing much better than Sprint or AT&T • http://www.google.com/finance?q=vz • Verizon is commonly known by the public as the most reliable • “Verizon got the highest download score in seven cities; Sprint scored highest in four; AT&T” • http://technologizer.com/2009/06/29/verizon-vs-sprint-vs-att/ in two.

  7. Products • 3 areas: • Domestic Wireless • Wireless voice and internet/data plans • Wireline • Home voice, broadband video, internet, long distance calling • Verizon Business • Offers IT products and services • Provided to consumers, businesses, and carriers

  8. Domestic Wireless • Provided service to a customer base of approximately 91.2 million • Offers a wide variety of plans to suit all needs • Verizon Wireless Prepaid- no contract needed • Largest in the US

  9. Wireline • Provides customers with home and business communication services • Provides services to 150 other countries in the world too (businesses and carriers) • FiOS • 11.7 million homes across 14 states

  10. Hot products • Droid by Motorola • FiOS (internet and voice) • iPhone (2/10/11) • Samsung Galaxy S series • Palm, HTC, and LG smart phones

  11. Why buy? • Recent addition of iPhone • Jan 25th earnings release • Influx of income from Droid and smartphones • 4G network (LTE) • Smartphones are “hot” right now • Pays dividends • Overarching theme: Hot products keep Verizon ahead of competition • http://www.benzinga.com/press-releases/11/01/c779700/verizon-communications-upward-momentum-looks-to-continue-vz

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