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Northwestern Corporation Message Board

  • jarvic007 jarvic007 Mar 1, 2011 11:14 AM Flag

    Deal with Beacon Power

    Ok, so I was about to buy this stock yesterday, looks like I missed out on some upside. I looked at the deal with Beacon and something is very wrong. I always like to check the board make up and noticed there is a common board member per yahoo on both northwestern and Beacon Power. The board member owns about 30k shares of northwestern and 50k shares of Beacon. This is Beacon's first utility deal? Pretty clear a board member got involved in business of company.

    For me, this smells bad. For those holding Beacon stock, you did very well yesterday. I bet the SEC will look into this deal. Sounds like a conflict of interest thing to me.

    I will keep looking for a different stock to buy.

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    • <<I noticed there is a common board member per yahoo on both northwestern and Beacon Power.>>

      You statement is incorrect.

      Stop relying on outdated Yahoo info, and look at Beacon's press release re this matter.

      • 1 Reply to bconnews
      • Ok, I am not that interested in this story, although did the common director sell his shares when he resigned or did he keep them knowing the significance of a transaction with a utility?

        Again, I am not going to buy NWE and would never buy Beacon, so no sweat of my back. A shareholder of NWE should contact the SEC, the company has come so far from its BK days, it would a shame if an individuals greed pushed NWE backwards.

 
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