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The Empire District Electric Company Message Board

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  • romannorga romannorga Mar 16, 2012 1:27 PM Flag

    Utilities this small make great buyout targets

    The problem that I see is that does EDE cut divy every time a storm hits an area of theirs? I still have the stock but won't buy anymore because I lost confidence in EDE. I don't think they needed to cut divy because most of the storm was covered by insurance. I think Mgt wanted to keep bonus's in tact rather than pay us. My own opinion.

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    • Yeah, if by "every time" you mean once and by "a storm" you mean an F5 tornado that decimated most of their service area. People cannot buy and use power if they are not connected to the grid.

      I think they did a great job getting service restored as quickly as possible. Insurance may help with some restoration costs, but much of that lost revenue is the reason for the div suspension.

      Anyway I found it an opportunity to buy shares at a 10% discount for 6 months of no 4% dividend, so it really didn't hurt investors who knew when to buy in.

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