RE:RE:RE:RE:QUESTION ON CURRENT STOCK PRICEYeah my vote would be for a strategic share buyback.. if share prices linger in the low 40's then any shares the company can buy will decrease the payout ratio while potentially boosting valuation.. with a reduced payout ratio and a higher valuation it may well be more fit to potentially opportunistically take-over a struggling mid-stream peer.
If PPL shares were at a strong $48 last year and made the same offer to IPL they very well may have won the take-over bid.