GTE Message Board - Msg: 1804542

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : GTE

GTE 4.352

-2.1%

Nov 11 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jessej who wrote (160)	7/21/1997 1:49:00 PM
From: Jack L. Dlugach	of 671

Jesse: GTE was in the 20's for a long time before it broke into the 40's; it'd probably be in the 50's by now except for the BBN purchase and the subsequent earnings warning for the next year or two--when it becomes clear that GTE can digest BBN and that it's been a strategic fit, this stock will resume its upward momentum. Meanwhile, the dividends look safe and they're pretty good--long term investors should hang on and keep reinvesting with a free DRIP plan such as Schwab's...if the stocks stays cheap, you'll be buying cheap shares and eventually that'll make the dividend even more valuable. SBC and NYN are trading up nicely today and BellSouth has come through but GTE is treading water because of the above. Meanwhile, note that T's earnings, as expected, were sharply lower and the stock is down again. Also note that MCI is taking another big dump--down to nearly 32--so the local side is the winner vs. the LD side so far. I expect that to continue.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next