Verizon: The Year Of Investment
- Verizon reported mixed Q4 2018 results that were not well-received by the market.
- Management plans to heavily investment in what they view as Verizon's key growth driver, 5G. That is why I am calling 2019 "The Year Of Investment" for this telecom company.
- I am long Verizon, and I may get longer over the next few months.
Verizon's ($VZ) stock has been under pressure since the company reported what was widely viewed as mixed Q4 2018 operating results. The stock is down approximately 3 points since releasing results, which brings the YTD performance to -4%.
The company's recent earnings report and forward guidance were nothing to brag about, but, in my opinion, I believe that Verizon will be well-positioned for the future after the "Year of Investment".
Read more here.