If You Invested $1,000 in Verizon in 2014, This Is How Much You Would Have Today
Verizon (NYSE: VZ) is often considered a stable investment for conservative income investors. If you had invested $1,000 in Verizon on Feb. 21, 2014 -- the fateful day it took full control of Verizon Wireless by buying out Vodafone's (NASDAQ: VOD) 45% stake in the joint venture for a staggering $130 billion -- your investment would be worth roughly $740 today. Let's see why Verizon underperformed the market by such a wide margin -- and whether it will ever recover.