In this video as part of the Motley Fool's "Ask a Fool" series, Fool analyst Jamal Carnette takes a question from a Fool reader, who asks, "What's your Foolish opinion on Telefonica (NYSE:TEF)? Do you think Telefonica will merge with Telecom Italia (NYSE: TI) or just take its best parts and let Telecom decay? How will the Italian government react? How can a stock be downgraded by Moody's and at the same time rise by 7%?"

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.