Company Needs to Step Up to the Plate, Put Up Some Cash
Shorts have been shorting this stock with impunity last couple weeks, like shooting fish in a barrel, company needs to aggressively defend price by buying back stock in open market if they have to. They have to cause the shorts some pain & cause a short covering rally back to 36 or 37. Or FE will wind up like EXC at 27, then will have to cut divvy. Mgt is fiddling as this stock is bleeding.
if they had any cash they would not be issuing MORE stock or selling hydro power plants
mgt is sitting in their suite at FE stadium eating and drinking on shareholder $$
the vida loca for their hard work
now that duke is going to auction off their midwest power plants FE is too broke to bid
sad just sad
if the Jersey rate case goes south--they may have to switch from Goose to KU:L
hope they choke on it
They have lines of credit, options, & can make some personal purchases, We're talking about fending off a temporary bear run, volume is not 40 or 50 million shares a day. It wouldn't take too much temporary firepower.