Thursday, March 18, 2010

Cellphones: Verizon (VZ)

Verizon Wireless:

I will not purchase a stock within Verizon Wireless. Indeed, Verizon Wireless is one of the largest cell phone companies around the country. They are even said to have one of the most progressive industries, even with AT&T invention of the I-phone. Yes, Verizon Wireless has came out the Google Droid and seems to be the new cool phone out. After all it is touch screen, has a full keypad, and has all the latest apps in 4G! But don't let appearances fool you. According to my friends who own one, it is not such a great invention as one may believe. The service sucks, phone calls drop, apps take years to download and the battery goes dead at least 2 or 3 times during the day; yet still it is a cool looking phone so people continue to use Verizon Wireless' services. Thus, because everyone, especially teens, wants to be in tune with today's society, the Google Droid is their final decision. Because I trust my friends' decision and actually tried the Google Droid for a day and saw how much the service suck, I would not invest in their stock. It is too much of a risk; sure the phone had all the latest services, but what is the use if the phone is dead or all the apps that you enjoy take years to download and most importantly if your phone calls continuously drop?
Nonetheless, stock history also shows their progress to be successful in that their low has been $29.9500 which compared to their high ($30.2500) is not so bad. If you compare both rates to their closing ($30.1500) , you will see that Verizon is quite productive and successive as well. However on the other hand, although this may show that Verizon's stocks are successive when analyzing their money flow, you will see that it is at a continuous fluctuation; meaning at times they are successful, then they fall, they increase again, then fall and so on. In fact they fall more than they increase. This is a BIG problem. Investing in Verizon's stocks is like playing a very risky gamble and due to the fact that we are moderate spenders, this will be too much of a risk to take.

*Britney Mercer*

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