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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Jim O'Connell who wrote (33641)	9/3/2000 2:17:18 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

Thanks for VZ info Jim. One column missing is the average PE for VZ itself over the past few years. Both GTE and BLS were pretty strong dependable stocks in the 25 PE range. Now that they've merged the PE has gone down to 11. True they had some earnings problems last Q but I believe that's a glitch. US wireless is growing 30,000 subscribers per day and VZ owns about 1/3 of the entire market now. How can their earnings be slowing down that much? I pay VZ three bills a month for wireless, DSL and telephone. They dominate here in LA and in NYC etc. The biggest markets. I bought GTE before the merger at 52 and it surged to 71. I sold at 69. Now it's at 43. Why? The strike has been settled. At least three years of no labor problems. Just oversold? I think so. I am betting the stock can get back to 60-70 soon and wioll remain a strong safe collosus for a long time. They also pay a dividend. I also like LU, FON, T and WCOM and own them all but VZ has to be the most glaring value buy on the list.