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TECO Energy, Inc. Message Board

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  • avdaugust avdaugust Mar 17, 2008 12:26 PM Flag

    Why is TE declining

    I can't see anything to worry about.

    With interest rates going down (fed

    cut) it makes our stock more

    attractive because of the dividend.

    Larger holding funds, are taking their

    winners to raise cash for redemptions

    without taking a lose on their

    winners. Teco should move up as the

    market settles and yields continue to

    rise. I would say Teco is a flight to


    I would hang in there. Thank good your

    not an owner of Bear Sterns.

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    • We are not just holding we added recently to a few out of favor Utillities . This is a qaulity holding that is in questionable times . They did get in debt problems with the merchant power buildout . So TE sold off their water transport business . Now they have to prove to the street they can grow earnings through effciency and internal growth to balance the lost income .They are refinancing while the rate enviroment is good . We all know their is real inflation and rates will rise once the fed jumpstarts the economy after these qoute " problems " .
      TE isnt the sexiest play but it should get one where they need to be . PGN , GXP are in the Dogs group . Southern Utillities tend to be where once should concentrate due to population shifts .
      For us we see the GXP area as eventually benifiting from its low cost of living and agricultural / energy base . I think were closer to the end of the selling in the Utillity sector short term then the start . Long term over the decades they always have done well by us . Good Southern NG Utillity is PNY if anyone is interested .

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