This is not fair, page-45

No doubt, i certainly agree the biggest risk is earnings. Vocus has a lot to pull off considering rising costs, integration issues, getting close to covenant issues and earnings deterioration from wholesale. Even if they cut dividend to fund the cable, that will push the share price down anywhere from 20-30% as the market will factor in a loss of income. To me, there are too many variables for movements to downside compared upside. My two cents.

PS Bug I like your posts as you are one of few who provide factual difference to my downside posts.