I know that many of you may find the declines in $T and $VZ in recent days tempting given the dividend, etc., but while I don't want to advise anyone, I would be very cautious here and think twice about this investment. Why?
On the one hand, there are the results, with which it goes from 10 to 5. Well, on the other (for me the main part currently) there is the lead cable scandal which can cause insanely high damage or create remediation costs.
I've been trying to come up with some estimates or calculations... And you know what? Most experts say it could be record amounts and none of them can even predict specific numbers. Yes, that's how serious the situation can get. And mind you, they predict a lot of things nowadays and they don't care how much they overshoot 😅.
Thanks for the heads up and the information.
I look at the dips, but I don't buy even when these companies are interesting.
There have reportedly been several studies of the materials used in history, always with positive results. Moreover, according to Mr Janoska of Twitter, those particular cables were laid in the 19th century by the parent company of those companies. Even if this goes to court, it's quite likely that the blame is not on the shoulders of $VZ or $T. I see the WSJ article as a bombshell for readers rather than factually based and telling. $VZ has made no secret of this and flat out said there was a very small amount of lead in the cables.
"The scientific literature and reliable studies in the U.S. and abroad give no reason to believe that these cables pose a public health issue or a risk to workers when appropriate safety measures are in place," the company said($T).
In this case, I trust Telecom more than the WSJ. Maybe I'm wrong.
$VZ I want and have for the long term. The clouds come and go. As with $MMM - the goal is not to completely put the company down. imho.
I don't really understand the investor interest in $T, for example. Why do I need a nice dividend if the results have been going to shit for the last few quarters?
I like$VZ, and I've been holding it for a long time. However, I am now on the fence about letting the position go even at a loss.