Verizon May Have To Wait

A slide in telecom stocks has the company in a bind

When I was a kid and my family would drive between Minneapolis and Duluth to visit relatives, my stepfather, a high school math teacher, would give me and my sisters problems to solve. We knew he was just trying to keep us quiet for a few minutes, but we were always drawn in anyway. Here's an example. Let's say you had a house that was worth $190,000 and it dropped in value by 37%. How much is it worth now? No calculators, that's cheating. The right answer is just less than $120,000. Now that I've grown up, I've discovered that after working out the math there's a far trickier question: Would you sell the house at the lower price, or would you wait in hopes the price would rise again?

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