VZ - Verizon Communications

Traditional telecom companies face structural decline due to Starlink's cost advantage. SpaceX can undercut and steal telecom customers globally. Felix states if he were shorting something today, it would be telecom companies.

Steve lists Verizon as a core income investment from a dividend perspective.

Stagnant stock, lack of innovation compared to competitors like T-Mobile.

Steve sees Verizon as undervalued with a 7% dividend yield. New CEO Dan Schulman is expected to expand margins through layoffs, debt refinancing at lower rates, and shifting to direct-to-consumer model. Target price around $55.