RE:RE:FFO/share back on trackThe causes you mentioned may not destroy the company, but did a fine job on the share price. They could/should have been far more open and honest with their communication and explained how those reasons were going to affect the financial picture (including the div cut) and why they were proceeding anyway. That much was predictable. Sure, it’s a good long-term investment, but they sold us a good short to medium term and failed to deliver. Waiting longer costs money and lost opportunities.
Johnwith30years wrote: I have said beforfe that the market was to Quick to condemn WGL as their other assets were slowing in returns on them.. WGL was delayed beyond their expectations, th einvestment climate changed in terms of self-funding models being preferred, some interest increased and yes they overpaid. That said overpaying slows you down - it does not destroy you. So I think the real stroy is ahead of us. Patience. the whole market will begin to see the value as Ripet opens, debt disappears and the WGL value chain and customer growth is understood. Still on 24 by January 21 but I am also not surprised npw to see 28 plus.. Depends on multiple factors.. Even 28 could b etoo low if the right combination of perspectives and events develops... More later