Last March, I wrote an article about why I believed investors should stay away from Verizon (NYSE:VZ). Now, after Verizon's shares have seen a decline of around 10%, some might want to take another look at this stock to see whether it is undervalued as a result of this drop. The research I have done on this stock indicate that despite the recent drop, Verizon's shares are still far from undervalued. Investors should stay away from this stock until a clear improvement can be seen.
In my last article about Verizon, I talked about troubling trends surrounding this company. The major problem was the revenue decline that Verizon saw. I showed this graph in that article: