Verizon reported in-line Q1 numbers that provided limited catalysts for a stock rebound.
The net customer numbers in wireless and FiOS support that the prime business segment is reaching peak levels.
The stock becomes attractive on further dips as the P/E multiple and dividend yield offer solid support.
My investment thesis starting toward the end of March was that Verizon Communications (NYSE:VZ) likely would trade weak for a period of time. The combination of the big rally from $44 to $54 in a few months and the bidding process for Yahoo (NASDAQ:YHOO) weren't agreeable to higher stock prices. The recent union strike only added fuel to the pullback while the following strategies for growth are going to take time.