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For Growth, Verizon's the Right Call

By Jim Cramer

 About this article:
 Two companies -- one has 3% growth, yields 6% and just raised the dividend. The other has 6% growth, yields 6.24% and is going to boost the dividend. Which are you going to buy? Which is the market buying? The wrong one. The first one is Con Ed , and it acts great despite what I can only call a not-so-hot quarter reported yesterday. The second is Verizon . It is overlooked as a company that can cut costs -- letting go most of the people who work at newly acquired Alltel -- build new businesses (like FiOS), maintain cell phone customers and perhaps even pick up a huge number of new subscribers from a faltering Sprint . The disparity exists because people perceive Con Ed's stream of revenue as having no volatility, something that -- even though I like ED -- might not be true given the decline in its...

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