Mr. Dahlberg was CEO of SO in the 90's. I heard him personally say at that time that we (SO) wants not to be just your electric utility but your (total) utility. These things take a long time, don't they?
I collected a dozen or so checks from class actions from the 2000 era. Most were for pennies but one was over a grand and I do not recall that loss to be outsized compared to the others so I always fill out the paperwork when my investments involve a class action. Takes 3+ years for most class actions to work through the courts.
back away from foreign oil imports and utilize domestic feedstock to the maximum extent in order to put pressure on Sandia Arabia and support American business? I do understand Bakken oil is lighter than some refineries are set up to refine but it was being refined by someone until the price collapse so I see no reason our refiners can not and should not support fellow Americans. Any ideas?
The scary part is that someone is selling millions of shares more than normal so they know enough to take this action and we sit here wondering. I wonder what their source of information is.
When your iron gets hot you really like to strike with all the venom you can muster. You seem to be the only one who knows just how far each and every utility stock will fall. Thank you very little for all your help.
I know most on this board have lost a lot on this stock. But, for those who can step away from their prior actions, I would like to ask the following: If you had no investment in this stock at this time-and no loss or gain on the stock-would you begin to buy in at the current prices? Wait for lower prices? Or wait until the market appears to make a definite turn and the fortunes of this company are much clearer (and probably more expensive}.
I think it very strange that management would reference an intent to go to the BOD with the distribution cut idea. Was that just a feeler to see how the market would react? Certainly management is in constant contact with the BOD and has already approached this idea.
Is anyone watching/thinking about Chesapeakes preferred stock. About 60 cents on the dollar and paying over 8% on current price. Cumulative if the dividend is deferred and assuming no bankrupcy. How do others feel about these shares?
I sure hope so. A measly half dollar out of an earnings report and approval of the Direct deal is not impressive. Of course, if the market was up today, T may have done a lot better. I hope the deal conditions don't hamper the merger and I will bet T will be fined many times for violations.
Yes it is, its taking out an entirely new set of investors.
Just took my lumps at 15.80. This reminds me of Mirant-a spinoff from Southern Company in the early 200's which later went bankrupt. Good luck to longs.
How much do you have to invest in SO at this time? If quite a lot, buy a core position close to 43 and a trading position to be bought at the same level and sold close to 44. Would really help if you do this in a tax advantaged account. If you sell at 44, try to re-buy again close to 43. If it goes on up at least you have the core position to take advantage of the gain.
Clearly I was wrong about a possible announcement this morning but I do think last Thursday's announcement was not the first dance at the prom.