Dont think a divy yet in 2012. I think they will firm up the balance sheet again this year. Sending all excess cash flow to pay down debt one more year prior to any distribution.
I think earnings will be fine. Europe is still the red flag. US and asia are fine. 2/3 of business are rocking and rolling with a 5% contraction in the other 1/3. Rarely hit on all cylinders. I think whirlway will finally have a full year of earnings versus a drag on earnings. Took a few years, but they are finally there...CAPX should slow a little.