VZ is undervalued (fair value $53 vs price $41, 28% margin); buy despite disruptions and market share loss.
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Elon Musk and SpaceX delivered bad news to investors in AT&T, Verizon, T-Mobile, and AST Space Mobile.
Shares of AT&T, T-Mobile, and Verizon were hit hard, and are down more than 10% each today.
Similarly, for Verizon, I calculated a fair value of $53 per share . The current market price is $41. Therefore, when comparing this price to the value, there is a 28% safety margin.
I believe that even with some disruptions in its business and some gradual loss of market share, there is enough scope to justify buying into this company as well.
The other three companies were undervalued with a sufficient margin of safety to justify taking advantage of this buying opportunity at this low point. If you are a passive income investor and interested in taking dividends from Verizon and AT& T,
What this channel has said about $VZ
Parkev Tatevosian, CFA has 2 calls on this stock; only the adjacent ones are shown.