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The Empire District Electric Company Message Board

  • vickersviscount vickersviscount Aug 29, 2006 3:05 PM Flag

    Downgrades effect is over

    As many of you seasoned investors know, downgrades and upgrades are just ways of getting people to trade. They are "after the fact" "news". . .like downgrading pet.com after it fell 100 points! EDE had reached its target point for some analysts, so they downgraded it. Doesn't mean "jack shit" . . .the long range for EDE and utilities in general is pretty good in a recession economy. Interest rates (10 year) are headed down, and people pay their electric bill first in a downturn before the MasterCard bill for ChinaJunk. . .I feel safe here, and I have been in the market since a student in 1976.

 
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