1. Recommendation: Sell Verizon (VZ)
Green & Gold Fund

2. Rationale for Sale Any of the following may be reasons to sell:
Company is overvalued, better opportunity in XYZ stock
Fundamentals have been negatively impacted by recent event
Legal/competitive environment shifting against company
Business model breaking
Key C-level management has left company, seem to be lacking strategic vision, or lack ability to execute
Company’s struggles (e.g., execution) are company- specific, not a result of the industry
Turnaround doesn’t seem likely

3. Give a BRIEF, one-sentence description of the company
Re-state original one-sentence investment thesis
Explain rationale for sale
The rationale for sale to should explain why recent company events point to downside in the shares (is not currently priced in)
Should be a long-term negation of the original investment thesis (not a short-term blip in the company’s growth trajectory)
Sell rationale should reference an unfavorable risk/reward on the long side