Consider this Bear Case Scenario as you ponder Verizon Communications (NYSE:VZ) latest results. Verizon Wireless will need all the spectrum it holds, if not more, to meet data growth. Expensive auctions coming up. Telco customers are increasingly ditching traditional land lines. Verizon’s propensity to extract high margins through its olde telco phone network is declining sharply. Capital spending continues to grow to maintain and expand customer relationships. Will it take too much capital.
George Gutowski writes from a caveat emptor perspective.