Last year, Verizon (NYSE:VZ) completed its mammoth buyout of Verizon Wireless for $130B. They also inked a multi-year, $1B deal for NFL streaming rights. This year, they raised $15B by selling non-core assets, and acquired AOL for $4.4B. These key developments give us strong clues as to management's strategies and the company's prospects for the next few years. We believe although the business remains healthy, Verizon's earnings and free cash flow growth will slow as they transition to become a one-stop platform from the traditional carrier model while simultaneously deleveraging their pile of debt. This plan will take time to bear fruit and inevitably create a financial strain in the short term. Hence, Verizon's profitability and overall growth is likely to be stagnant in the next few years. Read more