01-26-2022, 01:20 PM
(01-26-2022, 01:06 PM)Mr1share Wrote: T down because of CEO comments. I will wait a few days to see where it settles. Looked destined for $30 now back to $23 soon
After screwing shareholders with the merger and Spin-Off they then muddied the water again by leaning Split-Off and now, just a few months before the merger they still can't make up their mind for which way they're going.
VZ getting a beating as well
It's the same crap I have endured from non-blue chip companies over the years. A lot of members here hung around for the spin. I wasn't convinced but fair enough, patience is good. And now another rug pull. If they don't get a firm plan now, they are going to leave a $20 stock with a 4% dividend by fall. I bet the CEO and BOD do fine. It's just hard to watch. I just refuse to have huge amounts of money at the mercy of sketchy management. There is no other description for these clowns. If they actually had a good plan they would have shared it on national television today and the stock would be up.
VZ is getting a beating because the utility side of the business is tough. That's the cashflow part of the sector and it isn't growing at the moment.