The mayor earns $200K per annum and can easily afford an $800K house with today's interest rates. She also has a significant other to help carry the load.
If so, why are Golden and Nussdorf still on the board?
My dry cleaners has more negative reviews and I doubt they have 1/100,000th of the number of customers
I had my doubts but bending over helped get it approved. The HQ proposal is probably not going to be very costly. I'm certain Exelon can bury the relocated employees in 701 9th St. Overall seems like a small price to pay to get approval. But the ratepayers, at least everywhere except DC, will pay near and long term. I sold 80% of my shares after the merger announcement for more than $27.25. The balance are held in a taxable account so I'll have to await the buyout.
It is blatantly obvious that the MD PSC decision was leaked prior to the public announcement. It should be very easy to determine who was trading on non-public information. Low hanging fruit if the SEC pursues it.
I'm guessing it's already been released to insiders based upon the action of the stock. But still no public announcement that I've seen. I guess the public will never be given a level playing field with the insiders
At least your 4% will become 5 or 6%, but I would anticipate a cut in the divvy. PHI will be on the ropes after this. They put all their eggs into the Exelon basket, including Rigby's retirement announcement. I anticipate a hiring freeze, layoffs and a divvy cut and perhaps even a sale of PES.
The DC PSC has not even weighed in yet. They'll want twice whatever MD demands because that's the way they operate. Exelon will either lower the offered price or skip town. No way are they going to pay $27.25 and that has been evident for quite some time.
There is nobody on deck after Exelon. PHI is an orphan and destined to drift as a pipes and wires company. Look for big staff reductions after Exelon bows out. I'm glad I sold 90% of my position after the merger was announced. Wish I had sold it all.
Look out below.