RE:RE:RE:RE:Bluenose and others who are bullishAn extreme Ice age would be better! They report q4 at the end of the month. I wouldn't expect Q4 to be a home run. They can report Q4 late because it's the year end report. They have extra time to submit their numbers. Q4 is not WGL's best quarter although we had an early start to winter this year so it might be better. Q1 and Q2 are the money making quarters for WGL. The good news is that Q1 will be released shortly after the year end report. There will only be at the most a couple months between reports rather than 3 months. So if the investors are waiting to get in after the quarter hoping for a drop they will have a shorter period to accumulate shares. Also good news that it's been extremly cold as of late. It will be going down to -14 in Maryland this week. CIBC is still selling the stock I guess they pissed this guy off because he hasn't let off for 2 years. They sold their whole position and still going at the stock. Until they decide they've been punished enough or the market says enough is enough it's a slow ride up and down here. Which is fine regain the stability in the stock also helps regain the trust of investors.
If Cornhill wanted some revenge on these anaylsts before he retires for good, he should put his company up for sale. He well into his 70's now. The increase in market cap would be ridiculous. The lowest I see the company being sold for in my wildst dreams would be 10x ebitda. Whice is a total value of the company around 12-13 billion or a share price of $48-$50. I'm surprised someone hasn't come in with a hostile offer aound $20 per share.
Someone could offer 4x ebitda for this company $20 per share and they might have a good chance of getting it. Think about that ALA paid 27x ebitda for WGL.