It's possible it could go that low but that would be if they cut their dividend again. If they eliminated it they would be in the single digits. It appears they shouldn't have a problem paying their dividend and lowering their debt a bit. They are already one of the lowest debt/equity stocks in the DJU index. Right now there are only two companies SO & First Energy with a higher dividend. First Energy has to cut the dividend. Southern Company pays about a 5% dividend. IMHO I would bet on support of a 5% dividend which would put it somewhere in the $24 range. I think they are going to suprise on earning for the 4th quarter 2013 and 1st quarter 2014 as the PJM market prices have really been good. Fear could drive this stock to $18 but if it gets there with the same fundametals it would be a screaming buy. You would get what appears to be a stable dividend and some growth. Anyway I think at least another 10% drop. My brokerage house says expect $break below $25.90 soon and then to $24.0 and $23.10. Of course this is all technical and fundametal based.