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Cash flow improved in the second quarter, and that should help Verizon's stock long-term.
The market hasn't liked Verizon's (VZ 1.17%) performance for years as the company built out its 5G network. But now most of the investment phase is behind us, and the cash generation machine has been turned on. In this video, Travis Hoium highlights why the second quarter may have been a turning point.
*Stock prices used were end-of-day prices of July 25, 2023. The video was published on July 26, 2023.
Travis Hoium has positions in Verizon Communications. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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