Results came out today. Guidance for 2012 looks down from 2011 levels. I don't expect the share price to run up based on these results, so I think I will wait to see Greece sail safely through March 20 before buying.
Or maybe not? I will wait a bit longer for a possible drift back into 11's. Low 11's would give over 8% yield. Probably it will only will happen if the general markets drop. I am definitely going in at mid-11's if it gets back down there.
It's really too bad. Germany operations are growing. USA is in trouble and needs investment. Rest of Europe is mixed. They have a significant revenue segment reporting from Greece and that could take a hit in 2012 with the big government austerity cuts there.
I wonder if they could strike a deal with Sprint to combine with their T-Mobile group and divest it? At least the deal breakup fee they got from AT&T will soften the blow of network investments there.