It is obvious that the wind tower business is a money losing venture.
It seems that OTTR cannot cut it loose, perhaps because it is held hostage now by Bill Gates and company.
OTTR is now bleeding cash via DMI to further Bill Gates philanthropic vision. How funny is that?
The OTTR dividend is not safe. When it is cut, OTTR stock will fall.
Since I have bought in at $19 in September- up $3/share and a dividend.
Now the interim CEO is permanant and is an old XEL executive (I have a large position in XEL and would recommend that stock to anyone who likes dividends and stable positive stock charts).
The SEC 10Q shows Otter Tail Corp to be in very weak condition. NO CASH AT ALL at the end of year?!!! They are borrowing money on accounts receivable (factoring) to pay bills as they go!
Their construction in progress (Balance Sheet..Costs Incurred in Excess of Billings) shows a large debit receivable which means they can't bill out their costs incurred to date...and the question has to be: why not? Most companies bill out more than their work completed on percentage of completion contracts!
This is a basket case not a safe, sane utility!
Seeking Alpha recommended this stock for dividends and says...one of its competitiors is Catepillar, Inc!!!!!! must be a joke?
Certainly not a buy at this level. lol you guys!
As you can see, no one really cares about OTTR anyway.
OTTR will likely continue to bleed cash, and lose money on its wind division.
Then, the dividend will have to be cut at some point. At that time, the stock price will go down.
Was not me posting a month ago. Sure are a lot of people parinoid about this stock. Why? Can't they cover their dividend? Think I'll invest in Canada next. I like a beaver more than an otter.
Nope, OTP isn't that far west. They have a lot of small towns around Minot...... and between Minot and Bismarck but not close to Williston country. Although things are booming in and around Minot as a result of oil.