OTCPK:JENGQ - Post by User
Post by
gilbert3on Jul 18, 2012 1:23pm
451 Views
Post# 20126861
Held JE since IPO
Held JE since IPO I held JE since IPO of Energy Savings.
Split twice to 4,000 shares.
I sold out today because:
Just Energy’s gas business had a renewal rate of 82% in 2008, though it has since fallen to 63% as of this year
Fallen Nat Gas prices.
Don't buy or hold what you don't understand:
Just Energy’s monthly dividend payout as a percentage of free cash flow was estimated to be 253% during the 2012 fiscal year. The two analysts called the ratio “excessive and unsustainable.”
The market can be wrong.
Good Luck to the Holds.