RE:RE:RE:RE:Dividend to ZERO, until house in orderDeanEdmonton wrote: Malx1- not a bag holder when you aren't holding any shares. Per my previous posts, I sold this Turd when they first announced the Kentucky Belch deal. Only reason I still follow it is to watch for an entry point. Not anywhere near tthat yet. That said, for those that are still holding this, a buyout would be their best option to get out. Selling just the renewables in this market would be a sure way to realise the very lowest price possible. If there are no buyers, at a decent price, for the whole company, then only option is a major overhaul and 2-3 years to turn it around. The only time I would agree that the dividend should be eliminated is if the funds were needed to service the debt. Outside of that, furrther cpaital expansion under this leadership is suicide.
malx1 wrote: DeanEdmonton wrote: Their cashflow did not disappear. It would be truly stupid the eliminate the dividend on a regualted utility stock. They need to fix their other issues, not further abuse shareholders.
malx1 wrote: No room for dividends when burdened with high-cost Debt.
Shut her down, fix her up, then sell.
Typical bagholder response.
Like I said, suspend dividend until Debt/Equity is 30-40%.
Capital allocation mismanaged. Fire CFO and execs.
I already called the CEO firing.
Enjoy your handcuffs.
Dean, understood.
As an unbiased outsider, I saw cancer in AQN.
Let's re-word this:
"Suspend" Dividend until Debt/Equity reaches 40%.
Then re-introduce Dividend at a 50% payout ratio.
No increases until payout is 45% or less.
Sheesh, how many execs does it take to figure out basic asset allocation? A high school degree sometimes smarter than an MBA.
Create a a hybrid vehicle, low-payout ratio leading to opportunity for Capital appreciation with future dividend hikes.
Yes, it will kick this company in the rocks. Maybe shares go to $4-5. Tough medicine sometimes required.
I don't own any either but I was asked for investment opinion as a consultant back in the Pandemic Panic and I suggested sell/avoid when I saw the Kentucky nonsense going on. Even before that, their balance sheet was stretched long prior BoC rate hikes. Only a matter of time before debt became too much to juggle.
Who in their right mind would tuck-in a coal-fired power plant into a renewable power biz?
LOL Gong show.