SmartI would suggest that almost any incoming mgmt would do the same thing. You place as
much blame on the old mgmt as you can so you can take the credit for any new positive
developements. Thats par for the course. How are the new initiatives and strategy working
is the question.? I think pretty good. There hasn't been one mistep since the change and
regardless of ones opinion about overpaying for WGL and turfing their hydro assets, so far
new mgmt have performed on every metric.
Unfortunately for us holders, the market still has a jaundiced view of the company and that is why
it is the pinatta of the utility sector. Begrudingly, over time, that view will change. These type of
situations almost always do but it takes patience to see it through. Meanwhile your are getting
paid to wait with a secure dividend to boot. Its not the highest and not the lowest but it is
sustainable. It beats bank interest by a mile.