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Hawaiian Electric Industries Inc T.HE.RT


Primary Symbol: HE

Hawaiian Electric Industries, Inc. is a holding company with its subsidiaries principally engaged in electric utility, banking, and non-regulated renewable/sustainable infrastructure businesses operating in the State of Hawaii. The Company’s segments include Electric utility, Bank, and Other. The Electric Utility segment provides essential electric service to Hawaii’s population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai and Molokai. The Bank segment provides a range of banking and other financial services to Hawaii consumers and businesses. The Bank segment is also engaged in lending activities, which include origination, purchase and sale of loans, residential mortgage lending, construction and development lending, multifamily residential and commercial real estate lending. The Other segment comprises Pacific Current, which invests in non-regulated clean energy and sustainable infrastructure in the State of Hawaii.


NYSE:HE - Post by User

Comment by wyndeweston Jun 01, 2007 8:18pm
240 Views
Post# 12880718

short position ??

short position ??I bought HE in the $2.90 range and then the $3.60 range and again today in the 4.10 range so I like the stock and future growth prospects. BUT a retired, savy stock broker has warned me today to be careful. He owned a lot of HF and recently sold in the $11.00 range. He thinks the multiples are far too high and you will see the stock lower especially with the summer coming on?? He is also warning me that there is a short position building on the HE stock. Apparently a lot of the stock can be sold in two months from now. Does anyone have any comments on this scenario. Personally I think the future looks pretty bright and with some coverage this stock could go higher BUT perhaps I am being far too optimistic.
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