bought 200 shs @ 16.95 after people selling after div. seems like good buy but is this sit back and count the divy stock..they just lowered the rates to customers which is good sign i suppose.???anyone..
Penny, great time to buy a utility. If the economy contracts (unlikely IMHO) then people in FL need electricity. Same as in good times. Am waiting for a little lower price to increase my share. Am very excited with the buying opps that are cropping up across the stock market.
Utilities are being squeezed on all sides, regulations, tax reform, natural gas, plant costs, etc you name it. TE especially with out of favor coal assets. Lowered rates means lower revenue. I believe if you can buy below $17 you are ok. No appreciation in stock price. Down 12.38% from last years close of $19.14.