New to this board, have yet to open a position in FE. FE it jumped out at me for a few reasons. Same reasons most of you are 'long'.
But why down down down? Seems like a solid income producing company. I mean I see they bought alegany or whatever it is called, and that company had issues. Why is this anemic of late? Seems like good buy price.
Insiders have been selling a lot of shares. It seems that FE is suffering the same fate as EXC, that is possibly not being able to keep the divi at its current rate of $2.20. That is why Cramer said to stay away. I sold and bought outside of the utility sector since most untilities are not growing their divi's and their yields are to low for their earnings. Maybe when nat gas goes back up in price they will be more of a buy. GLTA
I don't know how it works but it make sense to me that utilities should make better profits on cheeper gas ? How do you figure more expensive gas can yield better better profits ? ? ?
Sentiment: Strong Buy
If FE falls to $30 like EXC did then it will be a good time to add some cheap shares. If one looks at the 2013 expected earnings of most utility stocks, they are all overvalued due to those looking for a nice dividend. Not sure why EXC and FE have been singled out so far by the so called experts for downgrades, but logic would say that most utility companies will eventually be downgraded. It has been a great ride on the upside. Time to be patient and wait for good buying opportunities.
They just spent 5 to 7 million $$$$ per year to rename Cleveland Browns Stadium for 10 years. Investors should sue for this money not going into a dividend increase to bring stock pps back up to $80. What a joke. FE overpaid execs can wine & dine in loges while watching the Clowns flounder throughout 8 home games.
the corrupt banksters need 2 weeks to run back up before ex-div, watch how they take all sellstops out classic slime American way in everything, banking, bicycle racing, u name it, we stink to the world as a pile of turds.