Multiple down grades before earnings shakes out the weak hands. Shares flow to major players at discount. Company does a bit better than expected. Big players enjoy their profits and eventually sell at peak back to the bedraggled saps and the circle begins again. Its as old as humanity.
Listened to the conference call and it seems the worst is behind them visa vie natural gas prices, however through cost containment, solid margins on their wind business (huge) , and a marginally improving economy(read demand) they're gonna be ok. Also their regulated generation is doing well. Should LP gas prices tick up whereby nuclear becomes more competitive on the wholesale market , it will be seriously fat city. In general I liked what I heard. I would not consider selling at these levels. Just my thoughts.