%.35 was the new 52week low of this but i suspect its going lower. Perhaps at around 4.50 -5.00 i figure it will bottom similiar to PGH did allready and recently JE before it climbs back slowly. These lawsuits might even drag it down to 4$/share where the new .03 div works out to about the same return as the old div did percentage wise on share cost. Thats most likely the true bottom of this utility stock.Especially if their selling off assets as PGH has allready. imo
I looked at buying at $14.00 then again at $10.50 and I finally pulled the plug and bought at $5.43. I didn't bet the farm on it just stepped in with 2500 shares. I have to figure the down side has almost made it!
Even 7% is an awesome Divd. Look at the 30 day or better charts. The Tech. shows a very nice fishook bottom!! Longs be patient, no matter your entry point, it will POP soon. DO NOT SELL. Come on guys, less sellers means higher price on the Bid's to get er bought!!!! Have a nice weekend fellow LONGS!!!