That is my thinking but it has very good appreciation potential here under $35 long term with nice East Coast Assets . I needed a tax write off end of year selling my position sadly and went into SE which paid more and was down also with East Coast Assets but looking to get back in . There are problems with many upgrades to their systems needed but also some great assets and Oh , Pa , have so much upside in a recovery with NY a real carrot . This company will hit their old high again it may take 5 years min but that is near a double with a decent dividend for support . CNP rose on high volume today for a troubled Southern Utility . Texas is still a great market long term . If there is another pull back I hope to purchase my FE shares back though I am very happy with the shares of SE I replaced them with . I needed income and their raising their dividend for the next 3 years .
the last "merge" was a disaster and there is no way FE can takeover anything but a stadium in Cleveland
you better pray they don't rollover with their debt and mngmt
At lea they pay a low but fair divvy - look at Apple - the CEO just raised his pay 10+% this year and that is on top of last years 141% raise he got - while only paying less then a 2% divvy. Foolish investors there , since apple is going down as I type.
Then you have the 8 CEO's last year that made between them $60 Billion Dollars - Now that is greed and Pure Selfishness - Google this post info. and check it as factual , but it is so I don't worry about being called out as lying - Greed is alive and well in the CEO Corp. World of America - even if many of the dollars are locked up overseas , the EXE can get to it , but not the shareholders - LOL at the boob investors.
Look into REIT's CSAL - on fire - good divvy payouts in GOV / GEO / GTY / RMR / SNH all at their lows for PPS buy in and most 10% div. with excellent Q Track Payout Record. Check it yourself and make some money. or buy Apple / GE etc. and watch the CEO make it.
"mang. has eaten up many of the spoils (IMO)."--UNDERstate of the year(it is still Jan) but that will be as true in Dec as now (sad but true)--FE mngmt/board is J O K E
They have consolidated their repair crews so that they have lend lease in place making many employees travel ready that way they also down sized the crews and cost - (does cost a little more for fuel and equipment wear - tear) but has proven to be very cost effective.
The PPS isn't reflecting these savings - nor is the EPS suggesting that mang. has eaten up many of the spoils (IMO).
The EXE Team needs now to concentrate on getting the PPS up by improving earnings and a little bump in the Divvy would help. By doing this they will appreciate the PPS and give themselves a boost since most hold shares and most employees have shares in their accounts / 401k's
Management needs to look at this and bring it up in their Q's Reporting to bring credence and awareness that they are on track and concerned. OR Some other company will see the Value laying undeveloped here and buy out the Co. then getting rid of the comfee jobs these EXE's have.
One or the other should develop in 2016 as it is suppose to be the year for M/A... (?)
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how about the last 5 years??--is that any indication of the next 5?? how about rising interest rates on a mountain of debt?? how does that figure in your outlook??
April $32 strike price calls are going for $105.
Call + Stock + Div
105 + 100 + 36 = 241
205 / 3100 = 0.077741935483871 = .7.8%
April is 37.5% of one year = 20.73%
That is pretty good for a utility stock if assigned.
If not assigned, it is still excellent and repeat.
Well its mid DEC and FE stock price is not far from its 52 week low. When is it those pjm wholesale rates kick in--you know the 2015 rates that were so great?? The price of the stock sure reflects nada--pretty strange as the drunken buzzard said it was a direct correlation?? Gee I wonder what holds this stock back??
THIS IS WHY I NEVER LISTEN TO STOCK TIP ADVICE..
There is an ulterior motive in every one of their suggestions.
My opinion only...
Good news for FE in Ohio
@FirstEnergy Corp.'s top regulatory official says the utility's Ohio power plan settlement will benefit customers and the state, even if ratepayers have to eat some of the costs. Ohio regulators on Tuesday released details of an agreement between the company, Public Utilities Commission of Ohio staff and other supporters of its power purchase agreement proposal. The major change from the original plan is cutting its length from 15 years to eight years.
Remember he is trying to keep up with hundreds if not thousands of stocks on the fly against his own rules . His recommendations on air are very general based on daily trends and experience . Listen to yourself . I had to today and I really like FE .
Today I had a tough call . FE bought out my first Utility stock CX years ago and has been a core holding . I usually never sell one . For sure the time to sell was when it was back at its high . Today I liquidated my position . Not because I think we are headed lower but because I needed a tax loss and had one here . Sure I was right I added tp FE before the last dividend reduction at $34 . The dividends made it a wash or dead money but I needed that tax offset after 3 companies I owned were bought out this year GAS , PNY and TE all Utilities . I put the money to work in the sector right away in a stock that was actually down today SE . Both are rated buys by S and P though SE is ranked much lower by the investment community . I listened to their last conference on earnings and they stated they would raise dividends up to 16% over the next 3 years . FE though more washed out from a trading standpoint and a wonderful company I saw as having less upside with no dividend increases . I am hoping SE will get me through the wash rule + next year with principle ahead to spread back into FE after the market settles down and weather normalizes . Weather is hurting both companies . SE pays a higher yeild besides stating they plan on yearly raises , and has continued gathering projects with guaranteed fixed fee margins . All my companies bought out had NG storage and pipeline exposer . SE was cheaper then my FE shares so I put the balance in another dividend stock TIME . I believe advertising should be solid in a US election year and though earnings have recently been cut at TIME was induced by the valuation , buybacks and dividend too . Hence I received my tax loss , diversified , and increased my income . FE is solid .