12 I have been meaning to bang on the idea of “Citadel Securities” for a while now. Does anyone else see this as somewhat conflicted? Chinese wall…I’m sure. Incidentally, when did the word “Chinese” ever inspire confidence among the xenophobes on Wall St?
Whoa. Going the wrong direction there.
This missive from Citadel Securities (I almost abbreviated that as just “Citadel,” but then thought some folks might think it is part of some quarterly performance statement.) puts forth some idea that I am not quite sure is bullish or bearish. I guess all perspectives can be both. I post the whole thing so as not to be accused of picking my own version of snotty snippets.
The note sounds vaguely bearish VZ/bullish T. For whatever reason it is very fashionable to be bearish VZ and I have seen all sorts of discombobulated analyses trying to convince me to short VZ to zero. None have panned out. My favorite was that the dividend absolutely MUST be cut and – My Stars and Garters! – the retirement crowd would flock for the exits.
In the end, I am only interested in VZ for the divvie play, which means it catches my eye when it is under $30. I could care less about whatever VZ short thesis emerges. But…I wonder what new sort of hedgie news theme is presaged by the note that will lead to the next short VZ thesis?
12 Responses to “Young Dinosaurs”
drummerboy
hi ab. did exactly the same last Q, just for the divy. better than just letting money sit doing nothing. ftr had a real nice divy,they lowered it by 7 cent when they bought a million subs off vz for cash and stock. and vz paid out the stock of ftr as a special divy,which was a surprise, as i was really divy hopping. and didnt expect free shares of more ftr while holding vz for the divy time……i would do em again for a divy play,why not.
analystbomber
That VZ/FTR deal was beautiful. It literally cost VZ nothing to exact, and FTR was able to clean up ops to make it profitable. A perfect example of how things are supposed to work.
thewife
Have enjoyed the ride in VZ for some time now. I am not only up by over 27%, have enjoyed a gain in the FTR giveaway of over 8% to date as well as all the pretty divvies! My stars and Garters! LMAO
Mr. Cain Thaler
Analysts are definitely weird about VZ, no doubts there. I remember hearing people slamming it at around $27, on how it was so over valued. We can all see how that turned out.
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