What do you expect when GXP is taken over by the bankrupt Aquilla and is now managed by them! They will never learn because the management continues the same failed policies and continue to expect a different result. If they were not a reugulated utility,there by assured a profit they would be out of buisness!
No, it is a result of continued weak earnings and lack of a vision to turn this company around they promoted and underperforming CFO to CEO, he failed upward. To keep doing the same thing with the same people and expect a different result is impossible. If the Board brings in new, outside leadership the stock pops 20%.
ughk - that is strange to me as I read 3Q earnings as a positive report with a YOY increase of .10c per share - they narrowed the yoy profit towards the upper range ( though not the top ) - - - but still since the election the stock has gone down 10% in 3 days....one of us reads it wrong !