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Mangeet Kaur Bouns

Buffett Dropped This Telecom Giant... But You Should Consider Adding These 3 Buy-Rated Alternatives

SPOK OOMA VZ Warren Buffett Berkshire Berkshire Hathaway Mangeet Kaur BounsMangeet ATT Ooma Inc Spok Holdings Inc

Conglomerate Berkshire Hathaway (BRK.B), run by legendary investor Warren Buffett, liquidated its stake in Verizon Communications Inc. (VZ) in the second quarter of 2022.

VZ had a challenging second quarter. The company’s EBITDA and net income came in at $11.9 billion and $5.3 billion for the quarter, down 2.6% and 10.7% year-over-year, respectively. Also, its earnings per common share of $1.24 declined 11.4% year-over-year.

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