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OT - LOL
OT - This site/author wants you to *pay* to have him tell you
why he wants you to invest in the American telecom sector,
and in particular, Verizon, because 5g will propel this
over-saturated, no growth market - as if that's going to happen in
the near future?
marketwatch.com/st...-10-17
I have/had 'legacy' positions in ATT and Verizon - sold off the
ATT last week. Dumped 2/3 of Verizon today. While on the positive
side, their tight capex purse strings (plus 'secret' but legal
throttling of customers) makes profits easier, the market is
saturated, and as for the telecom part they're just vying with each
other for marketshare. Their desperation is seen, I think, in their
attempts to find/acquire new businesses that are somewhat if not
mostly tangential to their core businesses - e.g., ATT's
acquisition of direct TV, their attempt to take over Time Warner,
VZ's Yahoo buyout initiative. It's under the rubric of 'completely
integrated' media companies. I think that's a tough road to
travel.
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