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The Empire District Electric Company Message Board

  • Press_the_8 Press_the_8 Mar 8, 2004 4:41 PM Flag

    Negative cash flow

    I'm thinking of buying into EDE. Have a few questions first...What's with the 22 Million negative cash flow? Is EDE paying off some short term debt? Also, do they have any nuke plants? And are their coal fired plants EPA approved? Thanx in advance for any help.
    Press

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    • They've had 'negative' cash flow off and on for the past decade or more. That was one of the things that kept me from buying 10 years ago...couldn't figure out how they could pay out more in dividends than they were earning. If you follow them for a period of time you will see that they have very low admin. costs and that they are investor oriented with above average dividends.

      Do they have Nukes...no!

      Are they EPA approved...yes!

      This company owns a couple of coal mines but, because of the sulfer content, they have found it more cost effective to purchase low sulfer coal from the Northwest than to re-fit their generating facilities. As long as they can maintain long-term contracts at favorable terms, this will probably continue. They recently conducted a study with Springfield, MO City Utilities on a partnership to increase the city's capacity, the result was that CU would do the venture alone...don't know what impact that will have in the future, only time will tell.

 
EDE
25.85+0.20(+0.78%)Aug 29 4:03 PMEDT

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