Just noticed the exchange between likes2invedt and Demo. When likes2invest asks him how he and his family are doing, Demo quickly lapses into some whining about board members. Does that sound like he has his priorities mixed up?
I think it does precisely that.
Probably a smart move for now. I would defer to someone with a long history with this company, but I suspect the recent price appreciation was largely dividend-related, so after it goes ex-dividend it may well retrench into the 9s.
They must react to the situation. Would you rather get temporary joy out of the dividend or see the company strengthen itself for the long haul? It does hurt right now, but maybe we'll all be clapping if/when they acquire a weakened but accretive company for relative peanuts. There has to be some potentially great deals out there right now.
The DC Public Service Commission, drunk on power, misjudged how much it could squeeze out of EXC. A merger would have been great financially for DC customers. Now they're stuck in the same old situation. EXC can now take a little time to heal up and then study what other ventures might be accretive. A good deal always has to work for both sides.
It showed USB to be involved but a relatively minor holding. Still, good to be mentioned. An interesting side story is that USB ponied up big money to have the new NFL stadium in Minnesota named US Bank Stadium. Meanwhile Wells Fargo loaned at least $300 million for structures around the stadium, with the proviso that it be allowed to bugle its name on the structure roofs up to 56 inches high. It fudged by 18 inches to give it more visibility and the Vikings sued, trying to protect USB's exclusive naming rights. Wells Fargo won the initial decision, but the case is now on appeal, with USB/Vikings in decent shape to prevail.
But here's the kicker: Wells Fargo several days ago, in the middle of this case, gave USB an upgrade. Maybe one arm of Wells Fargo doesn't know what the other is doing. But you can be sure somebody at Wells Fargo is incredulous about giving an upgrade to a company that it is competing against in court.
Mr._5ch: looks like you're in the early stages of realizing that the pursuit of power, certainly not love of country, guides too many politicians. And particularly those like Ted Cruz, who lie through their teeth day after day and then want to use some religious prop as a guiding light for their decisions.
The DC Public Service commission's next meeting is scheduled for Feb. 24, starting at 11 am. After that, it's March 2. I'm guessing the merger's fate will be determined at one of those two meetings.
I certainly wish I had come across this company today rather than two years ago. Knowing what I know, I'd be all in. By the end of '16, if not sooner, you will be quite happy.
An analyst, or is that ANALyst, from Guggenheim asserts that the marriage between EXC and this other entity will be consummated next month. My curiosity: should that happen, what will that mean for EXC''s stock?
My guess is that at least part of the reason for the company's upward movement over the last two sessions is a recommendation by a portfolio manager whose opinion appeared in the latest issue of Bottom Line Personal. It's a lifestyle publication that covers a variety of subjects by using qualified people in certain fields. This particular portfolio manager said Costamare is "taking advantage of bargain prices to make acquisitions."
We'll see. Attracted by the dividend, I picked up 1,000 shares Wednesday as a sampler.
Dumbo, check your facts. It got approval for an alteration to an existing product. The decision on its phase three candidate can update come late this coming week.
The DC Commission met yesterday. Obviously no news. Next meeting is scheduled for Oct. 15, a week from today. Perhaps that's when a decision will be made.
DC mayor has reached a tentative agreement with EXC on the terms of its takeover of Pepco. Not sure what the nfluence the mayor has over the commission, but it sounds like the deal has been revived big-time.