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Hawaiian Electric Industries Inc. Message Board

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  • igurumo igurumo Nov 17, 2005 7:07 PM Flag

    This stock is poised in going lower

    hei4me: One last point and I will excuse myself from commenting further and just keep a watch on rates. HE is DOWN about $2.00 in the last 12 months. Track that with rising interest rates and you will see the correlation. If interest rates rise over the next six months then you will probably see HE decline further. You have partially offset the capital loss with dividends, but your capital decline minus dividends still leaves about net -$.75 per share negative return. You would have been better off with the money in a money market fund waiting for interest rates to peak before owning the stock. Utility stock prices generally march in step with interest rates. CONVERSELY with the direction of rates. I hope to be a HE stock owner by about mid year 2006 (My Opinion Only). Have a good day!

 
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