VZ is under solid management and its fundamentals are very strong. Great business, great growth, leader in the industry. If you don't buy in now, in five years you'll be kicking yourself wondering why you didn't.
I'm buying more. I like making money.
I geuss the real question is: Will the additional cost of debt of the 45% purchase be offset by the cashflow associated with the 45. If VZ's average cost of the purchase (with additionaldebt, stock etc etc) is fixed at say 4% and the value of the cashflow/profit of the new asset is 8% then the purcahse is sound if not then there is a problem. IMHO, money is cheap at the present time, if you are going to do something this big, now is the time to do it. The extra finacial liquidity in the world might spark higher inflation. If it does then purcahsing an asset that kicks off cashflow is the way to go.