Michael Hodel and Clint Sorenson break down Verizon’s (VZ) turnaround as stronger subscriber growth and competitive pricing offset a revenue miss. They discuss the sustainability of Verizon’s dividend, balance sheet concerns tied to fiber and spectrum spending, and the longer-term competitive threat from SpaceX (SPCX) and Starlink. Both see progress in the turnaround, though broader telecom sentiment remains a headwind.