Hope you are wrong because I wrote some Apr $36 calls right before they went exdividend. Evern thought bought the stock at $32.50 would hate to lose it. See nothing that would make the stock run to that level between now and the end of April. Think we need to wait until about a month before the next dividend and then the stock may run. Do not see much downside from hear but think the upside is capped until next dividend rolls around. Guess there could be some good news which would cause the stock to run but think the bad news is out.
Come April xx, 2013 for CTL earnings 1/13-3/13 period will probably move its stock higher/lower.
Higher earnings still a challenge; my take going forward into 2014, dividend still too high and another reduction coming.
When CTL bought Qwest, Embarq, Savvis in a 3-year span has caused indigestion. All tht time dividend stayed about $2.90/year.
Odds are CTL will see less than 30 before it sees over 40.
T and VZ the better buys; though telephone stocks are flat to down vs general market.