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Verizon Communications Inc. (VZ)

Justin Ellsesser. Verizon Communications Inc. (VZ). Bought 76 shares at $27.79 on March 10, 2010 Currently hold 76 shares Price: $32.64 Holding return: 17.5% YTD: 3.3% Morningstar intrinsic value: 34. Recent News.

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Verizon Communications Inc. (VZ)

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  1. Justin Ellsesser Verizon Communications Inc. (VZ)

  2. Bought 76 shares at $27.79 on March 10, 2010 • Currently hold 76 shares • Price: $32.64 • Holding return: 17.5% • YTD: 3.3% • Morningstar intrinsic value: 34

  3. Recent News • On Wed. Verizon announced it will be selling the Samsung Galaxy Tab in stores in Nov. • Rumors of IPhone for Verizon as soon as January

  4. Financials • Current Ratio: .66 • Debt Ratio: 1.26 • Total Debt: 57.4 Billion • Cash: 5.2 Billion • Earnings per share have been steadily declining the last 3 years • The Debt ratio almost tripled from 2007 – 2008 due to the effects of the recession

  5. Future Outlook • Growth is expected to slow as the wireless industry matures • Verizon consistently shows the best margins in the industry, it’s fixed line profit margin has improved year over year for the first time since 2007 • The fixed-line business is expected to only recover when the economy does • Wireless unite actually cut workforce while taking in a net 669,000 new subscribers, customer satisfaction was not affected and once again beat out At&T

  6. Recommendation • Stock sits close to intrinsic value • Growth is expected to slow • Iphone for Verizon not sure • Samsung Galaxy success unsure • I would recommend selling or holding depending on the success of the new products being offered on VZ

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