historically this is as low as it was eight or nine years ago and in the meantime the company has increased output and acquired more plants. So, it's a very low price. It seems to have bottomed out, in that someone was dumping their shares and then it was trading at a higher daily volume, and probably some sold because they had stop orders in. I didn't think it could go below 25, that seemed the bottom point, but someone, maybe an institution, has been getting out slowly over the last six or eight weeks, and it looks like they've now finished. I see it as a safe stock, in that it may not make astronomical profits, but is here to stay.
I am uninvested but am currently carefully doing homework considering up to about a 38% investment in my portfolio.
It looks like it should be turning a profit for all of 2010, I've included some analyst estimates. I'm looking for not only price appreicate but feel as thought a dividend inccrease could kick in. I will probably only hold till ex-date to be honest, but there is a strong chance of a $4-5 increase plus a .75$ dividend from now till then. Conservatiley with the P/E multiple it traded at historically and a positive 2.15 EPS, we could see the share increase $3-4 annualy (I'm hoping to just be able to sell at a peak - I'm an optimist).
Huaneng Power Intl Inc -Adr (HNP) Independent Power Producers & Energy Traders 25.14 -13.8 Dec -2.21 -1.97 2.36 1.45 62.8 10.7