Yes, to a normal investor all signs point to a buyout. However, you're dealing with a backwards, stubborn company that refuses to face the inevitable. I believe the stock price is going up, up, up because they are anticipating the iPhone to turn the company around. Trouble is, they still don't have it. Even these 3rd rate carriers like c-spire and Appalachian Wireless will have it by Oct 1st and USM still won't. This is a bumbling company that is always a day late and a dollar short with the competition. What's worse, their new billing system is a complete disaster that they are still trying to figure out. I wouldn't buy this stock if you paid me.
Unfortuntely, I think mikehunt40466 is right. Until Ted is ready to sell or passes away, USM is dead money. As far as the new billing system, this is another lesson demonstrating why just because your related to Uncle Ted, does not mean you can run a $1/2B project. Lastly, iPhone is a $1.3B liability to apple any perspective buyer would have to absorb.