Verizon - Undervalued Once Again

Recently, Verizon's stock (NYSE:VZ) has slumped amidst a series of negative news stories regarding Verizon. These stories do not reflect the long-term potential of the company, and present an attractive entry opportunity.

(click to enlarge) (Yahoo Finance)

Earnings Miss

Last month, Verizon reported earnings per share of 86 cents compared to estimates of 89 cents. (CFO) Amidst challenges arising from the growth of competitors T-Mobile (NASDAQ: TMUS) and Sprint (NYSE:S), revenue was down 5.6% in the fourth quarter. However, the company is still committed to long-term growth, with CEO Lowell McAdam saying "We are positioning Verizon for future growth and continued sustainable shareholder value."

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