RE:RE:RE:RE:RE:RE:RE:RE:What is it with this stock?jgzeger wrote: TimeScape wrote: For the year, adjusted earnings were up 10% from 2016 to 2017, and adjusted earnings per share excluding one-time irtems increased 3%, a number that was dragged down by the 2 equity issuances during the year. For a utility, the cash flow is a more important number, anyway, and the operating cash flow was up by 41% compared to last year.
For the quarter, which I thought was a very good quarter, the adjusted earnings was $137 million compared to $104 million last year, a gain of 32%, and the per share adjusted earnings was 64 cents compared to 51 cents, a gain of 25%.
I concur with your analysis. The one time hit due to the deferred income taxes will fade over time and the fundamentals of the company will once again be in the spotlight. Hang in there. It will come back.
I really, really hope you're right. I bought in at $47 in December thinking it was a good price. Now it's at $39 and I feel dumb.
Good thing my time horizon is 40+ years. Interest rates better not go above 3% in the next few years, or I'm screwed. The majority of my holdings are "safe" long-term bets like Emera, Riocan, Brookfield Infrastructure, Enbridge, Bell Canada etc. (all stocks that get wrecked by rising interest rates).