Thu, May 23, 2013, 2:38 AM EDT - U.S. Markets open in 6 hrs 52 mins
With the latest news on the ice storm, whats the future of EDE ? I would think it should drop like a rock , but seems to be holding its own. Any guru's out there with any idea's ? I have some EDE but not that much I think I will keep it.
They have reserves for things like this, all utilities expect storm damage periodically.
It is all part of being in the power bussiness, I think that is why there was no large panic. I thought that 20-23 million in damage would have knocked it down 5%.If you take a look at AEE Ameren, you will see that it has not devalued too much. Heck, they have had problems in st. louis all year long (summer storms, ice, winter)
AEE has to be one of the most problematic power companies in the US.If AEE can hold there price, EDE is a great buy.I do agree w/ bad weather being part of the power game