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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

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AEP
54.71+0.16(+0.29%)Jul 9 4:03 PMEDT

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