Time to put this brutal quarter behind themTransitioning away from power hedges model with their newest Texas operations. Thankfully. This weather event really caught them off guard and it shouldn't have.
The payout ratio for the quarter was 170%. Without the weather event it was still 140%. Not good at all. Last year comparitively it was 113%. This is unsustainable IMO. What the heck is this management doing.
Please get this payout ratio in line with your earnings.
They need a new catalyst like a great aquisition maybe.
Very disappointed in this management but need to look longer term and hopefully they can right the ship.
What else can you say. The positive momentum will take time to restore.