Reported by filing of a 144: L. Hay sold 60K shares or +$2.8 mil of FPL shares. In past 2 yrs, insders have sold 26 times (total of 386k sahres) for +$21 mil compared to 2 buys (20K shares) for <$1 mil. Why?
This is an excellent company with a good overall history,outstanding management and good overall growth potential in both its regulated and non regulated interests. Buy it and hold it. It will pay off.
There is more to FPL than a Florida utility. They are a significant player in Wind energy and other new technologies. To say that half of FL can't pay it's utility bill is a pretty strong exaggeration. Not to say there isn't plenty of trouble there..but it will bet better. Interesting that it held up right through 2008 and 2009. Looks like a great entry point for a great company
The state denies FPL a rate hike. The state limits FPL profits. The company stops capital investments. Half of florida can't pay it's utility bill. And that makes it a great buy, Hmmmm? Explain that to me. It may be cheap but that doesn't make it great.