Algonquin Power & Utilities Corp T.AQN

Brookfield needs to swoop in...

[BSdetector2016]

if you want a partial SP recovery and the immediate exit of the incompetents who gave us this mess.

[rad10]

Have you any evidence that Brookfield is kicking the tires?

[BSdetector2016]

Zero evidence, however, Brookfield can accumulate shares up to just below the 10% threshold and not be obligated to divulge their accumulation strategy to anyone. It would give them a cheap foot in the doorway should they decide to go for the whole company, minus its incompetent management.

[TheBridge]

BSdetector is absolutely correct in his comments on Brookfield's conditions if they interested in  accumulating shares of AQN and possibly taking it over. However, my personal observations of some of  Brookfield's methods in the past and if they were interested is that they would take a cheap foot into the doorway but it's not going to be above the $9 mark. And yes, they

[Capharnaum]

Algonquin doesn't have financial difficulties. As to Brookfield taking over, it would be rejected. The value of the parts held by Algonquin are far greater than book value (and current share price). It's currently taking a plunge due to revised EPS, reduction in the dividend. However, the share price is already low compared to that lower EPS and the forward cashflow. For 2023, they have

[AlwaysLong683]

Brookfield may be biding their time watching events unfold. A dividend cut to a utility company not only means its likely removal from Income and/or Dividend mutual funds, ETFs, and high-net-worth privately-managed investment portfolios, but also removal from consideration by investors large and small who, going forward, are looking to invest in reliable income-producing stocks. If AQN is range