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The Empire District Electric Company Message Board

  • joebsib joebsib Feb 21, 2009 7:33 AM Flag

    Earnings

    Earnings seemed okay to me,

    Was the drop today just the overall market or due to them mentioning they could issue more shares to take out there short term debt.

    Looks like a good entry point here, but with my recent skill at picking entry p0ints, it will slide another 25%!!

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    • The whole market was down Friday to the November lows so the price drop is no surprise. EDE had an interday low of only $.08 less than the interday low in November so all and all IMO it was not bad.

      I think GXP's cut in dividends has all high yield utility stocks spooked and EDE is probably suffering some from GXP's mismanagement.

      Overall assessment is not bad consudering the market.

    • Right after I bought Great Plains the price dropped 27 percent.
      I keep buying EDE thinking it is at the bottom.
      Monday I'll put in a buy order at just below the low on Friday and if it happens then hopfully it will go back up.
      Too bad we can not trade Options on this stock.
      When ETR is in the 60's I begin to worry about utilities as a whole.
      Good luck

 
EDE
22.81-0.36(-1.55%)4:02 PMEDT