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The Empire District Electric Company Message Board

  • shelbys_pal shelbys_pal Feb 18, 2004 12:17 PM Flag

    Acquired someday?

    There are some rumors that Warren Buffet and others have considered acquisition of EDE, but not before Congress finally passes the energy bill. EDE is very attractive as a take-over candidate eventually.

    But I'm not a speculator and have made a series of 6 buys on this stock beginning in November/02. My average cost runs a tad over $20/share. If you do the math on this, the dividend rate really pops higher for my shares given the steady dividends. My average return (dividend) works out to about 6.4%, but a new buyer today would get 5.5% give or take a little.

    As time passes......because of the solid balance sheet, the attractive take-over quality, the good dividend record and rate, and the dividend tax breaks......I really believe this stock remains a good investment. And they will pay you well while you wait!

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