Take it for what it is worth coming from the guy who bought VZ @ 29.08 when the iPhone with Verizon rumors started. Today, VZ is at $35.58. Why do I think it is still a buy?
- Even at the current price, it yields a juicy 5.47% dividend. Play it for the long haul if you believe the cloud play and the telecoms with the major Fibre lines will play a big part.
- CDMA technology enabled iPhone is expected in early-mid Q1, 2011. Buy on rumor, sell on news. iPhone did wonders for AT&T. I expect the same for Verizon.
Hi friends, 2010 was not much of a blogging year for me. I expect 2011 to be different in this regard. Wish you all a very happy new year. Booyah :)
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