RE:RE:Very large insider buying - No div cut Imorustyblades wrote: The dividend will be cut for sure. My guess is 50%.
My other prediction is that they will walk away from the deal. The break fee is only $65 million. FERC is worried about the KP takeover effect on rates. In one of the early AQN press releases and presentations when they announced the takeover (going by memory), AQN mentioned that one of the opportunities was to get rates higher post takeover.
At the time I thought it was strange to say this. I guess FERC came to the same conclusion.
Still too early to get back in IMO.
Most of us agree that they should walk away from the Kentucky deal, I certainly do. But . . . I'll bet there's a good chance they don't, because to do so would be tantamount to admitting their mistake and would harm their fragile egos. That, and losing whatever bonuses they get for putting the deal together . . .