RE:RE:An Interesting Cycle...I certainly wouldn't want to be in the shoes of an IPL shareholder right now - stuck between the devil and the deep blue sea. I used to be, before I realised that PPL's management was vastly superior and was given a golden opportunity to switch when COVID meant that great companies (PPL) got walloped just as much as the good (IPL).
However, I would equally certainly choose the blue sea (PPL) over the devil (Brookfield), not least because you're getting paid to wait with a 6.5% dividend every month.
Figlen wrote: I agree with you in general ,however, I'm holding my IPL overweight position because once PPL gets the stock price momentum it should, and with a substantial period of time before this merger can happen, I also win by getting at least a 0.5 share of each PPL for my IPL. If I thought the IPL price was getting way ahead of itself that could create some pressure to reduce my position, but right now it seems like it will hold in a tight range linked to PPL. The best outcome I see that appears to be what PPL investors are sharing, is that PPL rises to $48 giving everyone the win that they are hoping for. The worst scenario would be that the Brookfield offer is accepted as is, but we will know soon as their timeline is short.