Algonquin Power & Utilities Corp T.AQN

Book value minus break fees = ?

[Indicator]

if anyone has these numbers I'm guessing that is about where it should be trading, also minus the get rid of entire management costs.

[blackhawk2003]

I'm dumping all the Divy back into the stock. Everyone should. Don't let the shorts off the hook so easy. Make them pay.

[corvette67]

I can't imagine they would they would sign a deal that requires a break fee if the regulators don't approve the deal. Not their fault.

[ol_griz]

What was that movie again? Ah, yes - Blackhawk Down. Well, good luck to you.  I own this, too, but it's no bird of prey but rather a turkey with a bad case of gobble gobble..

[malx1]

Plus higher cost of debt as rates rise and when credit rating falls from BBB, to junk bond status.    People here don't understand debt markets. When you don't think it can get worse.    Fitch downgrades you 

[AlwaysLong683]

I doubt AQN drops below BBB. Even this management team and Board knows that would be extremely damaging to them. They will sell and interest in or entirely dispose of as many assets as it takes to maintain their BBB rating. Also, they can technically fall one rating level to BBB- and still be investment grade, but that would be crazy because another downgrade would mean junk bond status. Even

[malx1]

Four diff debt rating agencies.     Fitch doesn't use BBB- I'm simply pointing out that there is a risk of AQN credit rating downgrade as interest rates rise.    Not saying it's certain but downgrades tend to show up long after the balance sheet is deemed broken.     Billion dollar debt problems for a company this size can take years to

[AlwaysLong683]

Good point. Fitch does not use BBB-, but S&P does. Pages 10, 11, and 15 of AQN's Investor Update January 2023 presentation mentions their current BBB rating but doesn't appear to indicate which agency that rating is from. It's not from Moody's since they use a different alpha-numeric ratings scale. If it's from Fitch, that is the lowest investment grade rating like

[pennydredful]

A  Canadian  bond   rating  service   is   DBRS  .  Note  that  AQN   has to  pay  to  these  rating   sevices   annually.   Also    a company can  be rated  differently   by different  agencies    like    one 

[pennydredful]

DBRS    derived   from  Dominion Bond  Rating  Service 

[BSdetector2016]

"This management team" can't even run a lemonade stand, which is why it needs to go.

[pennydredful]

One  wonders   what  the former  CFO,s  take  would be  on the situation  ?