July, 2007:

Review: Verizon Customer Service

My sister’s DSL modem broke down and I called Verizon DSL Tech Support on Saturday. I waited about 15 minutes on the phone and finally a lady took my call. She made me go through the usual procedure of testing the modem. I had already tested it on the modem on two different outlets and confirmed that the modem was dead. But anyway, I understood that it was business procedure for her to run the tests on the modem so I followed her instructions. Fifteen minutes later, we came to an agreement that the modem was dead because none of the modem lights would turn on. Long story short, she said that I would have to call the Verizon DSL Billing Department on Monday to order a new modem. Now that was something I could not reason out. Why did I have to pay a new modem if I’m already paying the monthly subscription? I could order a new DSL service and get the modem for free. I just didn’t get it. If your cable box broke, the cable company would send you a new one. The lady was somewhat understanding, but she told me to talk to Billing Department because there was nothing that she could do.

I called the Verizon DSL Billing Department this Monday and had to wait 45 minutes to get to a customer service representative. I hate waiting. A lady finally picked up and she answered with an I-don’t-care-about-you cocky attitude. I told her the issue with my modem and asked if I could get a replacement. She said that my modem was out of warranty and that I would need to buy a new modem. The new modem would cost around $60 and since I’m a customer I would get a discount and only need to pay $40. I explained her that it doesn’t make sense how I would have to pay a modem that should be included in the service. She replied with an attitude, ignored my point totally, and told me that my warrant expired and I would need to buy a new router.  And to make matters worse, during the entire conversation, she complained that she couldn’t hear me, despite that I was speaking clearly and closely to the handset on a land line. I had to repeat myself a dozen times and raise my voice while I was in the office. I got really annoyed and tired of repeating myself so I told her that I’ll call her back. Of course, I never called her back. I didn’t think there were any problems on my phone or hers. I could hear her crystal clear on the phone, plus I made phone calls before and after the call, and everyone else could hear me with no problems.

I wasted a good 2 hours with Verizon and I still have not fixed the problem. Mind you, $40 is not a lot of money to me, but I don’t believe I should pay for the modem, especially when I could work around the modem fees. I could either subscribe to a new service to get a new modem for free or I can buy a modem from someone else for much cheaper. As a matter of fact, I have two unused Verizon modems sitting at my place and I’m not using them. I’m going to see if I can replace my sister’s dead modem with my old modems.

I understand technical issues can bring down time to Internet services, but I am really disappointed with Verizon’s customer service. I was agitated by their representatives. I expected much better customer service from a company of that size and reputation. I have been using their Verizon’s DSL service for more than 10 years, and this is how they treat a loyal customer. I would really like the management to know about this and for them to do something about it. If I could, I would drive the stock down 25% in one day to get the senior management’s attention. And I would tell them, “Based on my evaluation of your customer service department, your current stock should be priced at $2.20.”

Customer Service Rating: 0 out of 5 (I would want to give a negative rating but I don’t like to take things to heart.)

Major Deals Fire Up Alternative Energy ETFs

Major Deals Fire Up Alternative Energy ETFs

Investor’s Business Daily
Major Deals Fire Up Alternative Energy ETFs
Monday July 9, 7:00 pm ET
Trang Ho

Green ETFs glowed Monday thanks to solar-energy companies that reported major deals that heated up shares.Market Vectors Global Alternative Energy (NYSE:GEXNews) gapped up 1.20 to 46.50 on 21/2 times usual volume.

It tracks the Ardour Global Index, which holds 30 stocks. Half of fund is concentrated in mid caps, while 21% is in large caps and 29% in small caps. U.S. names make up 39% of assets. The rest of the portfolio is heavily weighted with names from Germany at 15%, followed by Denmark 12%, Norway 9%, Spain 7% and Austria 6%.

PowerShares

PowerShares WilderHill Clean Energy (AMEX:PBWNews) rose 0.91 to 22.46 on above ordinary volume. It holds 45 stocks, many of which overlap with the broader PowerShares Global Clean Energy (AMEX:PBDNews).

PBD gapped up .90 to 27.90. It holds 89 U.S. and foreign companies that make renewable energy and technologies that help make cleaner energy.

Both funds offer global exposure. The primary difference is that PBW holds only U.S.-listed names, while PBD holds names that are purchased locally.

Their holdings also overlap some with PowerShares Cleantech Portfolio (AMEX:PZDNews). It climbed 0.76 to 31.95 on nearly triple typical turnover.

The 47-stock PZD holds firms that provide “a knowledge-based product or service that improves operation, performance, productivity or efficiency, while reducing costs, inputs, energy consumption, waste or pollution.”

Much of the action in these ETFs came from surges in First Solar (NasdaqGM:FSLRNews), JA Solar Holdings (NasdaqGM:JASONews), Trina Solar (NYSE:TSLNews) and Yingli Green Energy (NYSE:YGENews), which all spiked 15% or more.

New Contracts

Phoenix-based First Solar gapped up 23.06, a whopping 24%, to 119.35. Volume more than quadrupled to its highest level since its November IPO.

The maker of thin-film solar panels said it signed five deals worth $1.28 billion in sales over the next five years. It also said it plans to spend $150 million to build a new production plant in Malaysia. That’s projected to be up in 2009.

Sales grew from 146% to 392% year over year the past four quarters. Earnings zoomed 188% to 220% the past three quarters. It beat analysts’ profit estimates by 100% and 271% the past two quarters.

China-based Trina Solar vaulted 9.29, or 16%, to 67.37 on more than double average volume.

It signed four deals with three Italian firms and a German one to build 99 megawatts of solar photovoltaic modules over the next two to three years. The values of the contracts were not disclosed.

Trina Solar shipped 27.4 megawatts of solar modules last year. Earnings blasted between 73% and a staggering 700% over the past four quarters. Sales exploded 144% to 490% over those periods.

Profit From Higher Long-Term Rates

A very good article on capturing higher long term rates and the author’s prediction of the market in the future. If you have cash sitting around to invest, you may want to bookmark this article.
Profit From Higher Long-Term Rates

Five Dandy Dividend Plays

Five Dandy Dividend Plays

1. Canadian Oil & Gas Trusts

Penn West Energy Trust (NYSE:PWENews), Primewest Energy Trust (NYSE:PWINews), Fording Canadian Coal Trust (NYSE:FDGNews), and Knightbridge Tankers (NasdaqGS:VLCCFNews)

2. Energy Master Limited Partnerships

Buckeye Partners (NYSE:BPLNews) and Kinder Morgan Energy Partners (NYSE:KMPNews), both of which have yields of around 6% and are targeting distribution growth at 8% annually

3. Dividend ETFs and Mutual Funds

iShares Dow Jones Select Dividend Index Fund (NYSE:DVYNews), an ETF with a 3.4% dividend yield and a dividend growth rate year-to-date of 7.7%

Vanguard Dividend Appreciation Index Fund (AMEX:VIGNews)

Alpine Dynamic Dividend Fund (NASDAQ:ADVDXNews)

4. Growth Stocks That Fall Between the Cracks

Coca-Cola (NYSE:KONews) and Sysco (NYSE:SYYNews) each have impressive dividend growth potential of about 10% per year. 3M’s (NYSE:MMMNews) current yield is closer to 2%, but it also has a good chance of increasing its dividend by 10% annually

5. REITs

First Potomac Realty Trust (NYSE:FPONews)

Retire Rich in 5 Simple Steps

Retire Rich in 5 Simple Steps

5 Simple Steps

  1. Start now.
  2. Save more.
  3. Take full advantage of employer contributions.
  4. Allocate your assets to make bank in the stock market.
  5. Don’t rely on someone else to do it for you.

Retirement Advice:

  1. Keep costs low.
  2. Take a long-term view.
  3. Pick market-beating stocks you can hold for “at least five years.”

Sivy says …
Like any good financial columnist, Sivy has suggestions. In his 2005 column, he listed Amgen (Nasdaq: AMGN), Cisco Systems, FedEx (NYSE: FDX), Intel, Lowe’s, General Electric, Johnson & Johnson, Procter & Gamble (NYSE: PG), Raytheon (NYSE: RTN), 3M, Citigroup, DuPont, Pfizer, and Sara Lee. In 2006, he narrowed that list to GE, P&G, Applied Materials, Burlington Northern (NYSE: BNI), JPMorgan, Anadarko Petroleum (NYSE: APC), and FPL Group (NYSE: FPL).

Saturday’s Quote

An economist is someone who sees something working in practice and asks whether it would work in principle. – Stephen M. Goldfeld

Stay Long On Energy

Stay Long On Energy

To bring the forecasts back to an easy-to-think-about set of numbers, we have netted the up and down potentials, and in the second picture, plotted them against the latest settlements. These forecasts by major players at the crude oil table suggest little lasting price weakness, and a general level prevailing above $70 over the remainder of the year. Beyond that time it may get very rugged for traders that are short crude, or perhaps those short oil stocks in general, all other things being equal.

Among the big oil producers, the Chinese CNOOC (nyse: CEO – news – people ), Canadian Natural Resources (nyse: CNQ – news – people ) and Suncor Energy (nyse: SU – news – people ) all combine historical odds and payoffs that exceed our hurdle of a net +5% prospect in the coming three months. Most of the other majors have had significant price increases, but many have not seen their appraisals by market-makers rise commensurately. Exxon Mobil (nyse: XOM – news – people ) looks quite fully priced.

The oil services and transport section provides five names meeting our test for prospective returns. They are World Fuel Services (nyse: INT – news – people ), Tenaris (nyse: TS – news – people ), Superior Energy Services (nyse: SPN – news – people ), BJ Services (nyse: BJS – news – people ) and Ship Finance International Limited (nyse: SFL – news – people ).

Best. Investments. Ever.

Best. Investments. Ever.

The kind of funds worth building your portfolio around make it a cinch to spread your bets across value-priced big boys such as Johnson & Johnson (NYSE: JNJ) and Tyco International (NYSE: TYC) — long-haul overachievers with price-to-earnings (P/E) ratios that fall below those of the broader market’s — and racier fare such as Apple (Nasdaq: AAPL), Applied Materials (Nasdaq: AMAT), and Broadcom (Nasdaq: BRCM). That particular power trio sports earnings-growth forecasts in excess of 15% over the next five years.

Great Investments for Busy People

Great Investments for Busy People

Citigroup (NYSE: C) and UnitedHealth (NYSE: UNH)), Duke Energy (NYSE: DUK) and Countrywide Financial (NYSE: CFC). Companies with juicy earnings-growth prospects but below-market price-to-earnings ratios — such as GlobalSantaFe (NYSE: GSF), and Freeport-McMoRan Copper & Gold (NYSE: FCX) — will likely get my attention, too, as will the dreaded “downside surprise.”

The Dividend Triple Play

The Dividend Triple Play

Washington Mutual (NYSE: WM) had a growing dividend yield of 3.9% back at the beginning of 2000. Over the previous five years, the bank had demonstrated a commitment to rewarding shareholders by just about doubling its dividend.

That commitment has continued. The dividend has increased another 224% since 2000. If you had bought shares that day, you would be sitting on an effective 12.7% yield.

That’s right … 12.7%!

Cigarette maker Reynolds American (NYSE: RAI), mining company Southern Copper (NYSE: PCU), banking giant Bank of America (NYSE: BAC), and coal and natural gas concern Penn Virginia Resource Partners (NYSE: PVR) all are triple-play companies. They all have dividend yields higher than 4.5% and have grown operating earnings by 10% or better each of the past five years. They have also all at least doubled or nearly doubled both their dividends and stock price over the same time frame.