| Search by tag or site | Login to my blog ? Start my own blog |
 |
Investor AlertReal Investing Advice |
Selling Verizon (VZ)
Posted on 10/04/2006 10:26 AM | Link | Post Comment
We are selling Verizon (VZ- price $37.57) from the IA portfolio.
Originally purchased in 2004, Verizon has given us a healthy 5% yield and only a dollar in capital gain.
Today we noticed that the company's CEO, Ivan Seidenberg sold 285,464 shares at $37.22 on October 2nd. Mr. Seidenberg has not been wrong in the past, and we do not think this time is any different.
Unlike AT&T, Verizon has not been growing their assets thru acquisitions. While we still like the 4.2% dividend, we feel it is time to say goodbye.
- Get A Job, Any Job, To Pay The Rent!
- Countrywide Financial's Ceo Warns Investors
- What The Dell !
- Making Money From Consumer Fascinations
- Market, Economy, And Bernanke In A Catch 22
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Fri Jul 18, 2008 08:23AM
U.S. stock futures rebound on Citigroup results"S&a [read more]
U.S. stock futures rebound on Citigroup results"S&a [read more]
<< My Home | TheMoneyBlogs Home