John Apruzzese Quoted in Barron's on Telecom Sector

May 24, 2010

Landline telephone services can be a value investment, Johm Apruzzese, portfolio manager at Evercore Wealth Management, told Barron's. It may be counterintuitive, as industry revenues are failing and expected to continue falling, but some companies have considerable appeal.

Some company stocks are doing well, Apruzzese said, as the shrinking, very fragmented industry is ripe for consolidation. Those with a rich cash flow and strong profits and dividends are likely to benefit, able to buy rivals and cut costs.

For further information, contact John at apruzzese@evercore.com