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Dominion Resources, Inc. Message Board

  • ayscuew ayscuew Aug 26, 2009 5:17 PM Flag


    Dow up 400 points last few days. Utilities down. Why was D down today. Cramer has pushed this one for months. It has done nothing. Why????

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    • Because Farrell forced Sr.VP Craig Ivey out of the company while Con Edison snapped him up in weeks to be their new COO!!!! Con Edison has more assets then DVP. What do they see in Mr. Ivey that Mr. Farrell nd Mr. Koonce do not. Farrell is letting his ego run the company rather than good business judgement. It seems that Farrell lets the middle management run the company rather then set the strategic direction himself. For example, the entire industry is talking smart metering and smart distribution systems. If it were not for a Director level management person pushing Smart Metering (AMI)Dominion would not be doing AMI!!! The new CFO wanted to kill AMI! Senior management here is shakey here at best and the street seems to be keenly aware if this.

    • This utility stock will require a little patience. All the fundamentals, including the dynamics associated with the nation's energy needs, point to a higher stock price as the economy recovers.

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