Ah, but it didn't miss. The estimate was .86, the result was .89 (well, I guess it did miss on the upside. You can say the stock plummeted after the earnings report, but you can't say that it missed estimates. Who knows why, the rate increase denial? the charges of buddying up to the PRC?, just the irrationality of the market. PGN has a nuclear plant closed due to a crack in its envelope, and it is outperforming the "most ethical utility in the country" with the lowest carbon:kilowatthour ratio. Go Figure. the market is not rational. It is emotional. The past week, people seem happy with FPL,though there seems no new news to warrant their glee. Not that I mind. I pretty darn happy that they're happy. I like FPL.
With the dividend paying 4% ($2 share) I cant imagine it going lower. I wanted to buy more at 47 but missed out on my limit order. If it goes down I will add to my position for sure. I am making 1% in the bank so I would love to get some more FPL.