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Just Energy Group Inc. Message Board

  • glengator2004 glengator2004 Jun 6, 2014 1:49 PM Flag

    Yet another stupid article from Motley FOOL

    JE's latest dividend cut was done to conserve cash? Like saying the reason I lost weight was because I was 30 pounds overweight...............And was I was overweight? Why was JE reducing its payout? BECAUSE they sold off part of the company and cut the debt by nearly 50%. Pretty good deal in my world if you can sell an appliance warranty and repair biz for $505M Canadian and still give out nearly an 8% yield and then you have the payout ratio you always wanted without having to touch the core businesses. I will let the short term sellers sell out today and buy more next MON or TUE......

    Sentiment: Strong Buy

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    • Earnings will decrease due to the sale of the WH business, but will increase due to lower interest expense and hopefully good use of the greater discretionary retained earnings which can be used to further the core business. The results should be a growth company, with a good balance sheet and an excellent dividend.

 
JE
5.50+0.05(+0.92%)Jul 22 4:02 PMEDT

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