I would agree with your end of year timeline.
Recent merger history tells me that Missouri and Kansas
will probably delay this deal for one reason or
another. Throw in the St. Joe deal on top of that and
you're looking at an early 2001 close. I hope that's not
the case, but it's how I would handicap it.
far as price goes - Hurray for Empire! I realize the
stock has fallen, but take a look at utilities across
the board. EDE got a GREAT deal for its shareholders
- everyone knew that they would have to sell
eventually. EDE needed to join a larger organization to 1)
Obtain better economies of scale 2) Get a stock with a
larger following and liquidity 3) Lower their cost of
One person at Western Resources commented to me that
Empire got a great price for the company. No doubt, WR
also got a look at the books at EDE as well before the
UCU transaction was announced. There's only so many
possible matches in that geographic area.
You are correct in assuming that I have some
knowledge of the stocks listed in my last post. Some
knowledge does not make me an expert so take my comments
for what they are worth. What I did say was that I
had limited time to spend reading message boards
which is why I have not responded sooner.
AEE.......In my opinion, they suffer with the rest of the
industry on stock price although their financial
performance is not as strong as the leading utilities. I am
not aware of any special operational problems that
should cause shareholder concern. That is not to say
that they have none. I know that they continue to
struggle with the assimilation of CIPS. My general opinion
of AEE is that they are still an old style utility
that is behind the curve on emerging
On UCU-EDE.........I don't know a great deal about
the fine print of the agreement. I do know that UCU
was paying a 39% premium in stock and cash at the
announcement. Since that time, UCU stock price has dropped from
$24 down to less than $17. It sure takes a lot of
shares to make up for the difference and the eventual
effective premium gets really big when prices recover. I
think that the commission approval would not happen
until late this year, at best.
You ask for the board to be cleared on
non-relivant posts...It has...as you requested
you have some knowledge of this group of stocks. Why
not share your insight.
Make this the board
what you demanded that it become. A place to share
insight and gossip on utility stocks.
FYI - The Missouri PUC is going to look at these
deals separately. Why they were going to combine them
in the first place seemed strange. Anyway, Empire
should have the hearings underway in August. This deal
has had a long, long timeline. It's part of the
reason I haven't paid much attention to it.
on a couple of utilities you are
(1) AEE; Do you think their current price of 31 9/16
is due to general ulitities problems or are their
problems due to internal production problems at this
Will they be able to sustain their current dividend
for the next two years?
(2) EDE-UCU; How will
the current price of UCU at 18 3/16 effect the collar
with EDE when they finalize their buy out.
the buyout time table still probably going to be
completed this fall?
You are right about "noise" on the chat boards
and I understand that it is unavoidable. I don't mind
a certain amount of it. This board was totally out
of control and I just had to say something. If there
is nothing new about EDE posted I would rather move
on to something else and not watch the
The ten companies I watch on the Sleuth are
Ameren(AEE), Duke(DUK), Empire(EDE), Entergy(ETR), KCPL(KLT),
MidAmerican Energy(MEC), Northern States Power(NSP), St
Joseph L&P(SAJ), Utilicorp(UCU), and Western
Resources(WR). All of these companies are either actively
involved in a merger, just had one fall apart, or are
likely to be involved in a future merger. Of course,
these aren't the only ones that are interesting to
watch but I only have ten spots on Sleuth and a limited
amount of time to spend following them.
I also would like to see something EDE related
posted. However, I would also guess you get all kinds of
"noise" w/company sleuth. That's the nature of chat
boards. What I find interesting is seeing what other
names people are watching are following on different
Are you following mergers w/collars...mergers in the
What you fail to understand about my request to
stay on subject is that I have a specific reason for
going to the EDE board. A flag goes up in my Company
Sleuth e-mail when there is something new on the EDE
Yahoo boards (I also look at a number of other
Companies.......it all takes time to checkout). It is really
disappointing to think you are going to see EDE posts when all
that is there is cryptic giberish that has nothing to
do with EDE.
It could be that what you post
is brilliant stuff, but I am not interested. My time
is too valuable to me to waste it trying to figure
out what someone that I don't know thinks about
stocks that I know nothing about.
accepted. Good luck with your trading.
My apologies for the name-calling. I really am at
a complete loss to understand why folks wouldn't
want to hear about other merger opportunities in
addition to EDE but at the very least I should respect
your wishes. This is my final note on this
Good luck with your investments.
Go to the link listed earlier for an existing
club which we've gone to. Frankly, I have no
understanding of the mindset of someone who wants this as a
'clear board', but stupidity exists in all shapes and