not really sure where you heard this...i for one don't buy into any of these numbers. people leaving the workforce and low income service jobs are not showing me any strength. what you say doesn't surprise me but have not seen or heard this anywhere else. gl
i 100% agree management is a piece of work, i also agree with it "being a turd" right now, and that ALL UTILITIES suck right now! that is 3/3 for this stock being absolute garbage which is why i like it here, not at 40! get some management changes stock pops, a weak jobs report, or a "one and done" scenario and all utilities go up, another catalyst. a "reasonable" p/e of 12.5 and at 2.70 eps gets you almost 34.00. i don't have extremely ridiculous expectations for this company, 34-35 in one year from now and i get 20% return...i'll take that chance. worst case it goes to 28.00 in one year and with dividend i'll break even. could be wrong but i like these odds. my nov-dec target 2016 is 34.50....good luck.
i didn't see this big of a drop coming, in all honesty i felt a good jobs number would drop us no more than $30 but it sliced through like butter. i held my nose and bought more today at 29.25, (30.41) thur. i'll hold for awhile and see what happens. the dividend SEEMS safe the earnings report wasn't that bad at all and all utes got killed today. tax loss selling and fed in december definitely could weigh short term. good luck to you!
Hope it wasn't your full position. Like you I see a longer term potential here, but the interest rate headwinds will keep the sector out of favor for the next 2-3 months. I'm looking at selling later next year. Put 1/3 on yesterday, 1/3 today, and 1/3 will yet to be determined. good luck.
I've followed this stock on and off for the past year. I feel it may have a little more room to the downside but it's longer term outlook still good. At least two mergers in utility sector this year.. (PNY, GAS)...although nat gas plays i feel this could be in play as well. fed and interest rates may pose a headwind near term, however there is no way they keep raising throughout 2016...good chance rate hike is factored in. also heard a study that says if rates hikes are slow utilities can and will rise....seems like there are a few who monitor this stock on here best of luck to you!
Cannot believe how much this stock has fared compared to it's competitors. DUK, SO, D, etc have done great the past 5 years while this thing continues to be stuck in a rut. even comparing it to just the xlu you see the severe underperformance. Thinking about taking a small position but will wait a bit longer. A rate hike could really take it to new 52 week lows.
Resources got acquired today by Southern Company (SO)....It's stories like these, along with a psychotic stock market moves that make me remember why I hold this stock as part of my portfolio. Good luck to anyone that may read this!
my worry is how will this strong dollar impact foreign travel to the city of lights if it's 20% more expensive to go than a year or two ago!
i meant las vegas sands earnings are wednesday. a big disappointment will definitely have a negative impact on pps imo.
one whisper or rumor of a reit happening and this stock is up 10% in a blink, even if it doesn't happen. look at twtr and other rumors. My thought is some wealthy foreigner may just make a bid for the majority of k's stake. Think about it, the MGM properties would give some billionaire bragging rights to his friends about what he has. New Year's Eve, big fights, conventions, etc. Somebody with deep pockiets will take action soon at these prices. IMO....not looking forward to LVS earnings wednesday though, probably push us down another buck or two.
I don't know if it would be quite that high, however it certainly should be higher than the current price imho. I bought in believing in the fact there is only one vegas, and having the majority of the strip one day in the future the value of these assets will be appreciated by someone with deep pockets. Hopefully I have the patience to stick around to see that day or don't get stopped out in the process.
ETF trade so poorly when the bond market rallied today. (rates went lower) Can't understand this thought it would have traded with bond market. Should have bought TLT i guess.
if it stays here i'm ok i really am. just worried with all this weakness in utilities (before today) that i could get sunk with this thing. i'll admit i probably have more shares than i ever thought i would be buying, most were bought in 20.40-20.80 range. ill wait it out just never expected to see LOW 19's!!!! my goal was 23-24 by end of year and i'll gladly wait just don't want dec to roll around and be sitting at 17 or something. my account will be demolished!
This stock is absolutely killing me. Any chance i Get back to even at 20.50. not going to be easy selling this amount of shares either. :(
sometimes i think you and i are the only ones owning these shares. i have to believe this cold weather will have a positive impact on next quarters earnings. like you i believe this will be acquired by somebody. i did purchase a lot of dgas the past two weeks, (more than i owned last year). it's bad when quite a few days the volume is less than i own though. ex divvy this week too. can't believe where some of these tech stocks are trading. i guess nobody cares/wants solid income stocks anymore.