news flash .. it's Friday ... DC is squabbling over the budget and debt ceiling ...
nobody is choosing to climb the wall of worry going into this weekend .....
if the result is that the govt needs more funding , then more bonds get issued , supply beats demand and
bond prices fall , rates rise .... g
That Vodafone deal is going to degrade their P&L and other metrics something awful and the stock was already priced to perfection owing to the big dividend. It was a suckers deal.
Wait until they reduce the dividend citing cash flow issues and you'll se a wholesale panic.
No upside for the foreseeable future, only down but with a good dividend that could be in danger. The next 2 years dividends have already disappeared via price decline.