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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 Baysarjon Oct 14, 2010 11:48am
551 Views
Post# 17564171

RE: RE: definitly

RE: RE: definitlyMy guess is because they still have $80 million worth of wind power assets that they have no idea what to do with.  This is more than 3x their market cap.  They had about 25m in finished inventory, mostly wind related I`m assuming, but no customers buying.  They`re giving away blades in hopes to get money in the future. 

The market is getting very impatient with this company and us shareholders want this $80m liqudated as soon as possible so we can do something better with the money, such as pay off our massive debts, instead of having it depreciate in value every day. 

How long has it been now???!!!  
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