Phone Companies tanking?

Discussion in 'Stocks' started by Tightsqueeze, Aug 31, 2011.

  1. T and VZ both dropped at about the same time, I'm not really complaining because T looks to be at a good entry but I was curious if anyone had heard anything that would precipitate a down move in the phone markets.
  2. DoJ is appealing the T-Mobile purchase
  3. that would do it
  4. T's a good long term buy given a secure dividend yield north of 6%.
  5. Good for the DOJ. Oligopolies = prices go up, service, quality goes down.
  6. The DOJ is just doing their due-dilligence. In the end, it will go through and the stocks will rebound big.

    This is a buying opportunity.