Besides powering the majority of the Hawaiian islands, Hawaiian Electric has large long-term services contracts in place with the many large U.S. military installations throughout the islands. In addition to the electric power generation business, the company also owns banking subsidiaries American Savings Bank and American Savings Holdings.
Hawaiian Electric's numbers are compelling. Utilities are usually steady but low-growth businesses -- but Hawaiian Electric has averaged respectable growth of 8.5% in earnings per share (EPS) over the past four years. Compare this with Southern Co., whose earnings have actually shrunk by an average rate of 4% -- and yet investors are willing to pay a premium for Southern.
Hawaiian Electric trades near $23.50, a 17% discount to its 52-week high and close to its tangible book value of $21.30 a share. This stock clearly offers utility investors much more value than better-known names.
You are the one who has no clue about what is going on in Hawaii. HE is an unethical, unscrupulous company fleecing and financially raping the residents of Hawaii, pushing many into poverty, making folks burn candles at night and cook with wood, with 2 houses burning down in the process, ruining our economy and the financial stability of every man, woman, child, and business in Hawaii just so you can get your precious dividend. I suggest you take your money elsewhere, to an ethical business, unless, of course, you are one of those investors who doesn't care how a company gets its money, as long as you get your piece of the pie. Start reading Honolulu CivilBeat if you want to learn about all the problems this company is causing. Here is one such article in today's CivilBeat.
Hawaii Monitor: Could HECO Fade Like Evening Newspapers and Ma Bell?
oh boo hoo. typical plantation mentaility there ed. tell me why the kauai coop is "raping" its residentail
customers at the rate of .42 kwh.
if families in hawaii make the decision to have lots of kids, they should be prepared to burn candles at
both ends to support those kids. its the same on the mainland ed. there aint no free rides anywhere
and HE isn't in the welfare business. get it? got it? good!