Why the #$%& are VZ and T falling in the New Normal?

[kmiklas]

With our society now utterly dependent on network, why are these two falling? They are two 800lb gorillas in the networking business. They should be spiking up... it doesn't make sense to me.

 

[destriero]

Oh clueless one, it may have something to do with the fact that T has $165B in debt at 4x debt to EBITDA.

 

[smallfil]

Yeah, because the Wall Street sharks (hedge funds, mutual funds, brokers, banks) care about what the retail trader thinks? Trend is down. Duh!

 

[Maverick1]

you can add competition from Comcast with Xfinity mobile...

 

[jeb9999]

What about the revenue hit from the percentage of customers that can't pay their monthly bills?

What about future growth with millions of unemployed and broke consumers?

 

[systematictrader]

With our society now utterly dependent on network, why are these two falling? They are two 800lb gorillas in the networking business. They should be spiking up... it doesn't make sense to me.

my basic understanding is their dividend is weighing too much on the cash they are earning, i am long T though, small tiny position in my long term IRA account