Wed, Jul 9, 2014, 10:57 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

American Electric Power Co., Inc. Message Board

  • fuzy_logic fuzy_logic Oct 10, 2002 12:22 PM Flag

    Made my first buy.

    I have been a lurker here for a fair amount of time and I made my first what I hope to be my only purchase of AEP. I bought in at 16 and have plans of doubling my position at 12 then 8 and then holding for long term. I have been warned of trying to catch falling knives. I have done this purchase with the expectation that management will be under tremendous pressure to cut the dividend -- probably in half -- and I would not be surprised if they did. If that happens I would expect to see the price drop to at least 12 and maybe 8.

    From reviewing the financials it appears that AEP is sound company but is facing a number of short term problems that should be worked out in two to three years.

    I would be interested in hearing comments on my plan.

    Thank you in advance.

    Fuzy Logic

    SortNewest  |  Oldest  |  Most Replied Expand all replies
54.71+0.16(+0.29%)Jul 9 4:03 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.