ROS spammerAt the risk of being burned at the stake as a spammer I would add my endorsement of ROSCAN-while I am mortifed that mgmt felt the need to hire these clowns. Firstly, as regulars of the ALA thread know, I have a healthy-albeit not yet profitable-position in ALA, starting with a 6 figure investment in the receipts(they sounded safe). ALA is part of my bluechip component-Yeah I know. Roscan is run by a geo that has made me a ton of money over the years in Jilbey and Merrex-excellent goldfinder and honest-its a big part of my spec component and its a good spec.
Back to ALA, we are spending way too much time, IMHO, on Ripet. It is a tiny part of our company. ALA is, for all intents and purposes, WGL. We provide power to DC-and DC is booming! Moreover interest rates are definetly trending down south of the border-a utility company should thrive in this enviroment and I believe we will. I continue to think that the new team insisted on setting the bar, and the dividend, as low as possible before they took over. Now they can build on the very low base and claim credit for it. We did not get in this mess in 1 quarter and we won't get out in 1 or 2 quarters, but as the earnings ramp up from here we will see appreciation and dividend increases. I hope Ripet works but I am not losing any sleep over it-as long as the lights stay on in DC we will be fine.