Ok, I am not that interested in this story, although did the common director sell his shares when he resigned or did he keep them knowing the significance of a transaction with a utility?
Again, I am not going to buy NWE and would never buy Beacon, so no sweat of my back. A shareholder of NWE should contact the SEC, the company has come so far from its BK days, it would a shame if an individuals greed pushed NWE backwards.
Ok, so I was about to buy this stock yesterday, looks like I missed out on some upside. I looked at the deal with Beacon and something is very wrong. I always like to check the board make up and noticed there is a common board member per yahoo on both northwestern and Beacon Power. The board member owns about 30k shares of northwestern and 50k shares of Beacon. This is Beacon's first utility deal? Pretty clear a board member got involved in business of company.
For me, this smells bad. For those holding Beacon stock, you did very well yesterday. I bet the SEC will look into this deal. Sounds like a conflict of interest thing to me.
10 cent increase, looks like they made up for not increasing over the last year or so. Seems earnings are going up. Not sure if P/E will stay at these levels. Perhaps that is why board increased dividends so much knowing that overall shareholder return was based in large part of dividends vs. capital appreciation. At a 5% yield on dividends, seems like an ok entry point provided.