Please refer to my other messages #316/330/346 ... this was coming for a number of months.
This is now a value stock in this range. They have lost a great deal of money in the unregulated side but my have already reserved additional funds for another reorganization.
A very small increase recommendation the ALJ in their rate case is going to hurt a great deal. I believe they asked for +$800 million and the ALJ recommended about 10% of that. The Commission usually takes the ALJ's recommendation pretty seriously.
I am still looking to cover around the 22/share but look to get long around the 19/19.5 range.