Why I Am Buying Verizon Stock Hand Over Fist

Summary:

• Verizon Communications’ stock price dip below $40 presents a compelling value for passive income investors, with a 7% yield and a growing dividend.
• The aggressive Fixed Wireless strategy aims to double Verizon’s customer base by 2028, enhancing free cash flow and EBITDA margins.
• Verizon’s $20 billion acquisition of Frontier Communications bolsters its Broadband footprint, aligning with market trends toward Fixed Wireless and Fiber Optic growth.
• Despite competitive pressures, Verizon’s strong free cash flow and dividend growth make it a deep-value investment, especially below $40.

The stock price of Verizon Communications Inc. (NYSE:VZ) has dipped from $44 to below $40, which puts the Telco on track to end the year with a mid-single-digit return.

The Telco, however, has an aggressive Fixed Wireless (Broadband) strategy that has as its

Analyst’s 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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