RE:RE:RE:RE:power rankingsHey btm
I definitely agree with you on old ALA management especially the old CEO, Harris. He always just seemed to want to grow for the sake of growing. Terrbile deals in California and then the WGL fiasco. Cornhole was also just as bad letting those deals go ahead.
I must say that I have been really impressed with Crawford, the new CEO. He has done an amazing job.
I would actually never own ALA again and not just because they p*ssed me off so much. I really don't like their 50-50 mix of midstream and utilities. I'm also sad they sold all those great Cdn assets like their BC hydro at a huge discount to fund the WGL take-over.
Congrats to you on your $15 buy. Very well done.
I'm also with you on the IPL screw-up, once again by an overly ambitiuos CEO (Bayle). Very similar to ALA, we also held a full position of IPL from Mar 2010 to June 2021. Big difference si that we made a total profit of $55k (vs the piddly $7.8 from ALA).
A guy certainly has to watch for those BTO (Big Time Operator) CEOs.
All the best
Sarge
bttmfischer wrote: Well SargeX, the quality of executives may be the reason that I was able to buy ALA @$15/share.
Apart from that, a number of "analysts" seem to think that ALA may be undervalued and it may be go
as high as $34-$35.
You and I both know that their forecats are not all that reliable, but I am still not complaining the way
ALA is progressing.
As you know IPL also lacked foresight when started the Heartland project, which turned out to be
IPL's Waterloo. So, this isn't a perfect world, is it?
Cheers.