RE:RE:RE:RE:RE:RE:RE:At the rate I'm selling...The classic hindsight reflection; I know, I have thought the same thing. A regulated US utility delivering larger dividend increases? More like an over-levered balance sheet. Imagine if AltaGas still had half the assets that they were forced to sell.
What is clear to me upon reflection, is that management should never be trusted until after they have delivered a few times. Where is Harris now? Taking orders at Timmies?
SargeX wrote: I totally realize you can't get them all correctly. What bothered me was that I bought ALA under one set of conditions (ie: great Canadian company with great Camadian assets) but that drastically changed with WGL.
My actual mistake (aka "learning lesson") was not selling right away once the WGL deal was announced and ALA was trading around $30. I naively believed management and how they were saying that WGL was a great take-over and how it was going to lead to bigger dividend increases in the future. (yah right, - how'd that 56% divy cut work out).
Not that big a deal when the dust settles as we now have a magnificent portfolio. :-)
bossu wrote: The chart tell the storey
Quite clear that you miss an opportunity to sell and a huge disappointment
and an ''hated''stock for you.
You sold when the stock came back where you bought 10 years earlier and collecting the div all along !
And what is another pain for you s the fact that you sold when it was the time
to hold ....
Thank you for your personal storey on ALA
SargeX wrote: Spot on with the "sold in disgust". My wife & I held ALA from Aug/2010 to Oct/2020 and managed a meager $10.2k profit over that period. It went from one of our "best" investments to one of our worst. It still ranks as my biggest disappointment as far as investments go,
Such is life and we've moved on to greener pastures. Just like to pop by every now and again and toss in the odd post. :-)
PS - I do think that Crawford has done an amazing job!
marketsense wrote: Ahh Sarge, I don't go that far back so for me it is, however, yes, you are correct.
That said besides busting my chops over that, it doesn't change anything about
my opinion concerning the future for ALA. I can see trading in the $30's and then
the $40's if you give it enough time. Those that were willing and able to average
down on this name have made all their money back and then some.
Those legacy holders from the old ALA days unfortunately are hung out to dry
but then again, there's nothing stopping them from buying more now and still
averaging down. I suspect however, that most have sold long ago in disgust
never to return.