Because they left my 82 year old mom without power for almost 2 weeks in a freezing house. I had no power for almost the same amount of time. We live 40 miles apart in Westhester County, NY and both of our areas power were taken out by a single tree and fixed by outside companies. Not only is their bottom line going to get hit by the storm but the market is selling all utilities and dividend payers because of the uncertainty of the tax policy for 2013. I hope Cuomo kills their them and hangs their license over their head this time and allows additional competition into their area. Con Ed has been trimming back resourses and manpower for decades but I still see the execs driving brand new company vehicles to and from work and parking them in front of their mansions nearby.
go buy your 82 year old mother a generator.
FYI both your areas power were not taken out by a single tree, your not even on the same substation circuits if your 40 miles apart...
You want Cuomo to pull licenses?? how did that work out for LIPA customers?? give them a call and see how a state run utility responded... O wait you cant call them because THEY STILL DONT HAVE POWER......
pull your head out of your a@@ you nut job....
Sorry to hear about your Mother, but it is not ConEd who is to blame. Blame the Fin Unions for slow response times. They will not get hit at the bottom line by this storm. FEMA will pay for all of the repairs. What FEMA doesn't pay for, ConEd's insurance policy will. Can't blame Coned for the biggest storm in New Yorks's history.
Some people, I tell you..........can you see me rolling my eyes?
ED has broken its 200DMA as well as it trend line from 2009.
I had to sell my large holdings I held for years but will re-buy far lower.
Also Obama's reelection with higher cap gain tax in 2013 may be also taking it down to where it will be attractive again buy at a far lower price IMO.
Most people buy Con Ed for the dividend income and HOLDING; not hoping to make much on capital gains. What you stated does not make sense to me. If you have looked, all the big utility companies are down to their 52 week lows. Something is very wrong here. Big boys are rolling out for some reason.