RE:RE:Divi CutHey BS
As you know, I totally agree with you on ALA. As I've often mentioned, it's the most disappointing stock we've ever owned. I've seen some bad/lying/cheating management/boards but nothing can come close to ALA, They took a fanatstic Canadian company with fantastic assets and made more than one really stupid take-over, the two biggies being the cr*p in California and WGL. They then sold a pile of really good assets like BC Hyrdo to fund their mistakes. (you can tell by how well ACI did)
Unfortunately, the hew AQN managemtn si also really bad. Fortunately, their KPC take-over is no where near as bad as the stuff ALA did. KPC is a smaller porporttion to AQN's market cap. Also, AQN has a number of fantastic assets in fantastic regulated businesses.
AQN may go lower but it may not. One thng I am quite confident of is that it will be higher next year at this time. I think the current reaction is over-done so eventually it wil bounce back to a certain degree. It may take over 10 years to get back to $22 but I can see $17 in the next 2-3 years.
As mentioned, we bailed on all our ALA in the fall of 2020 but we are going to keep almost all of our AQN (only going to sell a s3% to put it in line with our new book value allocation plan).
Take her easy
Sarge
BSdetector2016 wrote: svsingh83 wrote: Many companies have cut divis in past e.g SU, ALA, CPG, WCP, VET and many more. All of them have done well after divis were cut. ALA was trading at $8. It had to drop down BC Hydro in addition to divi cut. AQN has much better assets. Best of luck and enjoy your weekend.
Yeah, ALA is doing just dandy; it peaked at over $52 and is trading at $22 and change now. All the divvie cut did for ALA is yank it out of the toilet bowl and set it on the rim.