Traget Price $7.00On the last report I saw on May 15, First Energy has a traget price of $7.00
Their 2009 numbers estimated $1.12 cash flow per unit growing to $1.72 in 2010
Return on equity for 2009 estimated at 25.2% rising to gn to 30.5% in 2010.
Interesting enough the payout ratio in 2010 as % of cash flow would only be 7% allowing excessinve cash for share buybacks , acquistions, raising dividend or all 3.
Just a waiting game on this one for natural gas prices to increase to justify companies to continue exploration / drilling.
GLTA