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Integrys Energy Group, Inc. Message Board

  • nadsmis nadsmis May 2, 2014 4:56 PM Flag

    POOR earnings. Bad outlook

    TEG ran fat and happy and the result was poor earnings. costs are WAY out of control. little semblance of cost avoidance and no hint of cost reduction. even increased revenues could not absorb the exponentially higher costs.

    management, and particularly the CEO and BOD are responsible. very unhappy with the earnings rept. it sucked. 5% drop is huge. an embarrassment. CEO should get popped. THAT would drive the PPS.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • They should have made a lot of money due to the cold weather. I use to work for a gas utility and they would blame a warm winter on earning going down. Its amazing that they did not have an exceptional quarter.

      • 1 Reply to coast5588
      • I went over the earnings package. I was stunned when I saw the costs for the regulated and non regulated segments. Regulated costs went from 560 mil to 960 mil up 400 million. the non regulated costs went from 450 to 1.2 billion up nearly 800 mil I had recommended this stock when it was at its 52 week lows but now I just have to say, take your profits and move out of this company until you see them get costs under control. anyone who owns this would be better off in another utility that can actually grow their dividend.

        Sentiment: Sell

74.73+0.14(+0.19%)Feb 27 4:01 PMEST

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