fe has been down 10 days in a row. UBS can buy this stock if they think its so good. I called up fe investor relations today they act like mum is the word when you ask about div. I think its a no brainer that div gets cut.
Some very good analysts say the dividend is safe S and P is one . CX was my first stock which was acquired at a nice profit by FE . Over the years I have added to the position and collected 20 years of dividends between CX and FE . My electric use has been climbing between household electronics , and transportation vehicles . Meanwhile stranded energy is being reduced by power companies increasing efficiency . FE has a vast territory in a area of the Country that has been among the most severely effected by the recession . The payout rate is historically on par with where it was back in the 80's with S and P expecting increases to begin again post 2015 . It is early so patience is warranted but the downside is much much less then the upside potential if you have a need for income and at least a 5 year horizon . If the market were to crash I believe this stock would hold up well . I expect the penalties for coal will eventually be abated as more stranded energy and efficient less expensive scrubbers are available overtime . FE holds some very exciting patents especially those that came from Cinci Power on transmission of tv through electrical wires that are given no value . I am usually early on value picks like this . I purchased my first shaes in years this week at 34 . I have also been watching some turnarounds gathering momentum like AA and BAC . Here I think tax selling will continue through years end and the first week or two of the New Year . After that I think we start the climb back to $38 .