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Xcel Energy Inc. Message Board

  • TradenTravel TradenTravel Jun 24, 2002 10:18 AM Flag

    $14.70, now down 25% since the CT

    ruling last week. Still doesn't add up but there has to be a reason (other than panic) for the stock to plunge 7% on no news during the first hour of trading.

    It's not small sellers either. I've seen several multi-thousand share orders go through in the last 5 minutes.

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    • ///"What do you think Sniff? 35 cents on the dollar as the absolute, low, bottom end?"///

      They are selling the foreign assets which are profitable: maybe $1.01 to the dollar
      The sale of assets to pay down debt is dilutive. i.e. This is where the problem is:
      the assets sold no longer contribute to EPS/cash flow.

    • I'm still here bro, please stop the insanity!

    • High 11s to low 12s, I think you're right on the money, unless XEL makes an announcement regarding the recent sell-off.

      Originally, I was going to purchase 2000 shares, (have 800 at the moment.) However, after the magnitude of the dividend cut is announced on Wednesday, I may increase my share purchase by 50%. If this holds and we do fall to the low teens, I'll be the happy owner of 3000 shares @ around $14/share.

      I'm taking some of Sniff's advice and looking at NRG's ($13B) assets. This will be a buyer's market, due to all of the energy companies asset sales. DYN, WMB, the list goes on with companies selling hard assets to meet liquidity issues. The harder question to answer at the moment is this: With everyone selling, who'll be buying these assets and at how many pennies to the dollar?

      What do you think Sniff? 35 cents on the dollar as the absolute, low, bottom end?

    • What is the significance of watching the tape?
      You're buying, correct?
      You said last week you would be buying, are you?

    • Don't underestimate panic selling. If XEL keeps the dividend you just got a 10% yield.

      Good luck to all

43.72+0.42(+0.97%)Jun 27 4:03 PMEDT