OTCPK:JENGQ - Post by User
Post by
netgenxon May 20, 2014 4:21pm
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Post# 22579350
Just doubled my position today @$6.38
Just doubled my position today @$6.38
so in 6 months there is some context to any remarks I make, good or bad. I accept that there is some risk in doing so, but offsetting the negatives you have what most would consider a good growth rate, low P/E, and high dividend. I think there is low probability (30%) that they cut the divvy this year, but if they were to cut it by 25%, JE would still yield 9% and would easily bring the P.O. ratio below 100%. Frankly, I think the weather challenges faced this year will make client growth for next season a given as there were a lot of people with unexpectedly large heating bills this spring. All time low for JE was $6.08 earlier this year, so I don't think there's much downside from here. We'll see!