Algonquin Power & Utilities Corp T.AQN

Tax loss turdpie par excellence

[BSdetector2016]

The dumping continues unabated. Anyone who bought from late 2015 onwards is a bag holder. No SP appreciation possible prior to the last day of tax loss selling.

[RayDonovan78]

Tax loss selling hasnt really started yet, the big institutions and funds will start dumping the 2nd & 3rd week of December thats why AQN will not announce the divy cut until Jan.

[BSdetector2016]

I'm not sure that I agree. There have been huge volumes traded already and the shareholder base has changed. All anybody is going to get for those dumped shares is $10 and change, and even less if there is a mass dump just before Christmas. Trying to collect the last decent dividend isn't a reason to hold either. The delay in announcing the dividend cut is just more Banskota stupidity.

[pennydredful]

Many   institutions  close   their   books   by   then

[traderlong2]

I don't think we will get a divy cut they will muddy their way through the waters until they can get those losses back through rates increases to customers who knows maybe they even renegotiate the Kentucky deal again ! 200 million off the last time maybe they work a deal on rate for the 1.2 billion of debt they are assumming price will head back up when the market figures out they wont cut

[BSdetector2016]

Wishful thinking. It's too easy for Banskota to do; it's a low hanging fruit. I also wish that they'd just walk away from the Kentucky Smoke Belch deal.

[CaantR]

well said

[pennydredful]

Last    year   the  next   dividend   was  declared  on   March   5th  .   There   may   or may not  be something   before   then    as   the amount   may   depend  on  asset sales  and  their magnitude

[BSdetector2016]

Well, that's part of the problem; more time equals more uncertainty. I just hope that Banskota et al are not part of the clean-up team for their own mess.

[pennydredful]

The  Mutual Admiration Society  "team" will  still  be there  unless an activist   whale with  a big  share position appears. Banskota may be quite happy to be terminated considering the severance  he will walk away with.