Verizon For The Defense: We Make The Case

Mark Tennenbaum profile picture
Mark Tennenbaum
914 Followers

Summary

  • Many analysts beat up on Verizon for several valid reasons like increased churn rates and higher plan prices in Q3.
  • Verizon also has significant positives for which we see the defensive buy case.
  • Recession resistance, better credit management and wider 5G network deployment provide positive tailwinds in a slowing economy.
  • We forecast a bumpy ride that's worth the turbulence.

5G Sunset Cell Tower: Cellular communications tower for mobile phone and video data transmission

Bill Oxford

Verizon (NYSE:VZ) leads a highly competitive utility segment - wireless and wired telecommunications. As the Frankenstein child of old Ma Bell, Verizon merged several Baby Bells with other competitors to construct the leading wireless carrier in the U.S. Once again in

This article was written by

Mark Tennenbaum profile picture
914 Followers
I am the CEO and founder of Life UnLocked Partners, a specialized Registered Investment Advisory serving entrepreneurs, professional athletes and families with special needs. I hold an MBA in Finance from the Anderson School at UCLA (1988); worked on the London Stock Exchange (Hoare Govett) in the early 1980's; analyzed and designed derivatives at Paribas Capital Markets in the late 1980's; and worked as a CFO/Board Member for the last 30 years in retail, internet services, logistics and technology. I co-founded FrontBridge in 1998 (acquired by Microsoft in 2005) and have managed my private and public investments for almost 40 years. My father is Michael E. Tennenbaum and we have been discussing value investing since I was a kid.

Disclosure: I/we have a beneficial long position in the shares of VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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