Just Energy Group Inc. (Canada) JENGQ

RE:Just Energy

[SlickRick40]

BayStreetRoller wrote: Hey everyone - I have been following this board for a while and I think the writing is on the wall in regards to this stock - it's a loser.  Look at how many times they have changed CEO's in the last 3 years.  This company has massive leadership issues that make this a toxic stock to own.  Just go back and look at the operational issues Just Energy has encountered.  They couldn't even collect $120 million dollars due to oversights on how they are signing up customers.  Had the write that amount off the books and ensure that people were watching who they were signing up.  Look at recent news releases when they hammer home the point of signing up "high value customers".  This company survived from ensuring customer counts were met each quarter with people that had no intention of every paying a bill (low credit scores).  The recapitalization plan was from years of expanding debts due to failed intiatives and growth - Home Water (owned by CEO's son), Global Expansion (Germany/Japan), High cost to acquire customers through retail channel.  If you want to get a sense about this company - look at their customer reviews.  They are awful.  They have chipped away their customer base and are focused only on Texas.  

I would love to know why people are buying this stock or what the positives are they see in JE.

Amen, roller. Been asking the same thing. I knew this was a broken business back in 2006, can only conclude that greed and ignorance had led speculators down the garden path with this one. Rebecca mcdonald ran away with all the money here