Ala share price returns over last 4 year period .... So while the ALA share price is indeed up from the near bottom of Dec 2018, the returns (on a share price only basis) for other recent annual periods are as follows:
since Dec 2017: - 31 %
Since Sec 2016: - 37 %
since Dec 2015: - 33 %
So basically everyone who bought the stock AT ANY TIME IN THE PAST 9 YEARS (except for during the past 15 months) would be UNDER WATER ON A SHARE PRICE BASIS. Just stop and think about that for a second.
Sure, this stock may turn around eventually, but people need to understand the opportunity cost of having waited on ALA so long.
For example, anyone who bought at any time in 2014 is down by more than 50%. That is a ton of missed ground to make up
It's amazing how the reasons for such a spectacular decline never get seriously analyzed on this board.
Folks, interest rates have dropped since 2014 and the value of almost every single utility stock has claimed significantly since then. Go look at Fortis, Emera, Algonquin as just a few examples. And yes, they paid decent dividends during the past 5 years and, unlike ALA, pay more in dividends per share than they did 5 years ago.