RE:Give it too me straight, no need to be rude. In my opinion you don't want to be buying at this time. I unloaded this morning at a loss of $25K. One lesson that I keep having to learn is buying a stock when it's on sale. Sometimes that works, but only after you have done a thorough due diligence, and, keep up on developments. That's where I went wrong. Here are the developments that lead to my decision:
- Debt has climbed to 39B over the last year.
- The Feds have made the company open up available bandwidth to competitors.
- The proposed acquisition is expensive. $7B in total, for 1,300 subscribers. Great potential to expand. That's potential, and it will require lots of cash.
- Their debt rating was recently lowered, and is one rating above junk. After tomorrow's Q3 results are released, their debt rating may be lowered even more, which will make their cost of borrowing higher, not to mention scare off regular lenders/investors.
If it wasn't for the above, I'd be happy to hold and collect $14,400 in divis each year.
I'll probably get slammed, but that's my opinion.
good luck