$T  in the 9% earnings yield range. $VZ 11%. 

PEGY ~1.3 $T vs 0.86 $VZ

$TMUS earning yield 5%  …..PEGY 1 to 2.5.  Depending on what you believe…

$TMUS Market is kind of projecting out this 15-20% EPS growth number with this 1-2% flat sales and slightly better margins,  …….when the correct number is EPs growth is more 10% 

…. I think on this dynamic,  $TMUS is going to find it harder to grow EPS from here with these tactics to just slightly undercut on price and then add a tiny bit more on bundling.    

$VZ c band plan will be on par for most users and then they will have better reliability under more conditions. 

$TMUS has successfully pulled all the “hot money” as they say …. Last couple years.  

$VZ:TMUS relative is flashing this… ⛔️ same for $VZ:T…..

Due for some mean reversion in this space.  

Bear case would be around new entrants, macro and price war.    

We have seen no evidence they are willing to push a price war.  They are trying to compete on bundling, service, etc.