Shares outstanding of VZ and AT&T #694 Optimal Strategy of Playing the StockMarket via VonNeumann Game Theory.
So I had to look and see the shares outstanding. A number figure that Yahoo finance does not provide but deeply important to us value investors. So AT&T has about 7 billion shares outstanding and VZ has about 4 billion shares.
Now Yahoo says that VZ market capitalization is $235 Billion and AT&T is $211Billion.
Let me see if that makes reasonable math sense for VZ is about $57 a share and T is about $29 per share. So 57 x 4 billion = 228 and 29 x 7 billion is 203. Yes, close enough.
So in my long memory and history of the prices of VZ and AT&T as I ran switch campaigns on both. At one time I had far more VZ then T, and then one day about 15-20 years ago, going on fading memory and not bothering to look up the facts, one day I sold nearly 90% VZ and with the proceeds bought only T, and been stuck with that AT&T because VZ went so much higher and stayed higher than AT&T. I am talking about 15 or more years ago, perhaps in my book can be seen the exact dates, for I am talking of memory here.
In a investor of switch campaign that I am, we like our companies for both that one never gets far from the other, because, well, we can no longer switch between the two. So about 15 years ago, VZ just climbed and climbed higher than AT&T.
But now that AT&T is going back to its roots-- telecom, I can see them with a price per share that matches VZ. So say that AT&T is at $60 per share with 7 billion share outstanding would value T at 60 x 7 = $420 Billion market capitalization. And that would make VZ look very cheap at its current $235 Billion.
And in a earlier post, I complained of the price distortion of what I consider inferior companies compared to telecoms. Companies such as Microsoft $1.85 Trillion, Google $1.56 Trillion, Apple $2.12 Trillion, Facebook especially Facebook at $903 Billion.
And this is where Randall Stephenson just made one mistake-- for he should have been CEO at Microsoft or Google or Apple or Facebook and bought up AT&T lock stock and barrel with petty change at those trillions evaluation.
Because in the estimation by AP, the King of Science, that Google and Facebook are *advertisement* business, and advertisement business is wishy washy come and go, and not really essential to humans. Whereas communication, telecom is far far more essential.
And although Microsoft and Apple are technology, that technology is not as safe as a utility-monopoly that a telecom such as Verizon and AT&T are.
So, what are they waiting for? What is Apple, Microsoft, Google, Facebook waiting for. For if AP was CEO of any one of them, tomorrow, the next day, I would buyout AT&T faster than I can pour milk onto my cereal.
Yes, the King of Science is also into that of "business stupidity and lethargy and the tedium boredom of financial businesses" and that is why AP, the King of Science spends 99.99% of his time in physics and science. For brains in business is dull.
Your King of Science, whether you like it or not.
If you enjoyed this read, please see more at AP's newsgroup.
More people reading and viewing AP's newsgroup than viewing sci.math, sci.physics. So AP has decided to put all NEW WORK, to his newsgroup. And there is little wonder because in AP's newsgroups, there is only solid pure science going on, not a gang of hate spewing misfits blighting the skies.
In sci.math, sci.physics there is only stalking hate spew along with Police Drag Net Spam of no value and other than hate spew there is Police drag net spam day and night.
I re-opened the old newsgroup PAU of 1990s and there one can read my recent posts without the hassle of stalkers and spammers, Police Drag Net Spam that floods each and every day, book and solution manual spammers, off-topic-misfits, front-page-hogs, churning imbeciles, stalking mockers, suppression-bullies, and demonizers. And the taxpayer funded hate spew stalkers who ad hominem you day and night on every one of your posts.
There is no discussion of science in sci.math or sci.physics, just one long line of hate spewing stalkers followed up with Police Drag Net Spam (easy to spot-- very offtopic-- with hate charged content). And countries using sci.physics & sci.math as propaganda platforms, such as tampering in elections with their mind-rot.
Read my recent posts in peace and quiet.