from $11 previous. "Minimum 30% Dividend Cut Expected. There are several reasons we believe
the dividend cut may exceed 30%:"
Reducing Price Target to $9.00 (from $11.00). We believe a dividend cut
may cause the shares of Atlantic Power to trade at a lower EBITDA multiple
than its peer group. A lower multiple is justified because Atlantic Power's
average remaining PPA life is lower than its peer group. Our price target of
$9.00 is based on 10x our 2014 EBITDA forecast."
Company will still pay a much better dividend than most of their peer group, AND monthly at that. And I expect they will get back on track and grow their valuation, which will drive long term share grown and divvy increases down the road, in the mean time I get paid to wait....
Going back to their webpage an rereading their last investor presentation has made me a bit more sanguine about the divvy....If it drops to $9, I will be adding....