With the large short interest....there could be an effort at the open to drive the price down to give a perception that the report is bad.
I think the results were good!
The plan they stated when they cut the dividend 6 months ago is going well. They have not missed on any metric they stated.
They are certainly stronger than last year at this time, plus at a much lower price.
MY OPINION is the dividend is solid. They know what happened when it was cut, they will not cut it again.
I will wait. When they start reducing the debt, as stated, then the price should turn to former levels over time.
You have never heard of shorting a stock? You are small minded. Did you think you could make a post like that and belittle me? You are nobody to me and what you said is ridiculous. You did not even think before you printed it.
The price was driven down before the conference call, that confirms my OPINION, to me.
disclosure:I own shares of Just Energy, both for dividend income and future capital appreciation.
It appears you are correct. Initial bump then dump now hovering around $7. Qtrly report is ok. Execution is ongoing and in the right direction .... for longs. I would term this the worst possible scenario for shorts. Overall modest improvement in metrics but not convincing in terms pushing them to cover right away -- or -- double down on their short bet. IMO, stock will be driven by economic news not fundamentals. $8 by next qtrly report.