"Even after rebounding from a record low in March, Atlantic Power shares are still trading at a 35% discount to their book value, according to data compiled by Bloomberg. With the company currently trading well off its one-year high of $ 15 per share, many are of the impression that its currently depressed valuation of $4.6 could jump-start interest from potential takeover candidates from large utilities companies. The company's current valuation could very well result in large utilities , such as Duke Energy Corporation putting in a bid, according to an article that cites information from Biron Capital Markets"
From Seeking Alpha article:
"For arguably the cleanest portfolio in the business, investors can turn to Atlantic Power , which offers a portfolio that's 96% clean and a dividend yield near 8%. No matter where you look, the industry is working hard to clean up its generating capabilities. (Link)
Buyout coming and we get to decide the price!
Institutions will buy after passing the $5 price
This is a $12 stock traded at $4.9
The P/B is 0.72. So I divide 4.9 by 0.72 and multiply by 1.2 , equals $8.16
These large coal utilities are looking for clean IPP and AT is 95% clean. There is no cleaner IPP than AT. Recently they sold some assets and now even their balance sheet is clean !
The only one that are dirty are the lawyer that going minor issue of reducing dividend.
I called AVEO (Phone: 617-299-5000) and spoke with IR officer. I asked why AVEO does not respond to the meltdown of the stock from $8 to 2.4. She said the recent stock decline is due to overreaction of the market and she said a PR will be released after 4PM. She refused to say anything about the nature of the PR.
Please call Phone: 617-299-5000 and verify my post. Please another person should call IR officer and verify my post. It takes only 5 minutes of your time.
IR officer says a PR release after 4PM. what could be the nature of that PR.
A new P3 for TIVO?
A new analysis ?
Discussion with FDA post decision?
New stock selling shelf?
What could be the content of the PR today?
A new analysis for P3 to improve TIVO image ?
Discussion with FDA officers about their rejection decision?
New stock selling program?
Selling the company to Astells?
More bad news?
Why this stock is only $3M cap and not $300M cap?
THIS COMPANY IS FACING A FRAUD CHARGE! Very important info about FDA request was not disclosed to shareholders. When you dont disclose very important info from FDA , you are engaged in fraud.