Price Is What You Pay, Value Is What You Get

Warren Buffett states, “For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.” Looking at recent trading in telecommunications giant Verizon Communications (VZ), I again see that Wall Street analysts often care little about Value and mostly about Price in their upgrade and downgrade decisions.

Even after damage had been inflicted on already battered shares of VZ and fellow telecom titan AT&T
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after an extensive investigative report was published in The Wall Street Journal on July 9,…