SargeX wrote: Hey BS
You sure are one "sour" investor and you do tend to go on and on. I never could understand why you kept hanging on to ALA even though you hated it so much. Same goes for AQN.
As I've said many times, ALA is the biggest disappointment we've ever owned. Cornhole & the boys ruined a great Canadian company by buying a large, bad asset and then having to sell off their great assets at fire sale prices. They also cut their divy by 56%. What a mess!! .
They bugged me so much that I sold out in Oct, 2020 long before you. I figure if something bugs a person that much, then they should just get the heck out of it. (as an aside, we made a measky $7.8k on ALA after holding for 10 years so it was ugly).
AQN is an entirely different beast. The purchase of Kentucky Coal was totally brain-dead but it is a smaller purchase proportionally than WGL was for ALA. I doubt they will have to cut their divy but as I said, wo really knows. I also think that they are near a bottom right now. They have too many great assets and these will eventually be recognized.
Anyway, I always figure an investor is never going to get everything correct and if they think they've made a mistake, then they should do something about it besides complaining.
As I said, we are going to hang on to all our AQN for the long term a I think they have a very bright future even aside from the Kentucky Coal mistake.
Ciao
Sarge
BSdetector2016 wrote: Why buy now? There is zero reason to buy right now. All these brokerages want in on the action, which is why they are trying to butter-up the market.