Algonquin Power & Utilities Corp T.AQN

RE:Opportunity

[AlwaysLong683]

svsingh83 wrote: Money is made when you get this type of opportunity.
Buy low, sell high.
Have been adding below $9.7.
Be bold when others are afraid.
Those who bought oil stocks in March 2020, have made huge profits.
Oil companies  ahd cut dividends left, right and centre.

Difference is when oil sold off, no stock was spared. Conversely, AQN gets whacked while other power and utility companies are holding up well since these other names didn't mess up re. previous growth and financing decisions. Self-inflicted wounds.

No telling how things move forward at least near term regarding AQN's share price.

When MFC over-extended themselves with risk and got nailed during the 2007-09 financial crisis, they remained in the penalty box for many years as investors who were burned never forgot and those who simply observed the shareholder destruction from the sidelines were scared off of the name.

Basically, I think this will come down to:

1) AQN managment's presentation and execution of a credible plan moving forward.

1) How confident the investment community will be in AQN management to turn things around, and how long it will take to right the ship.

US FED will probably increase interest rates again tomorrow (my guess is 50 bps) after the BOC did likewise earlier this month, with further increases of probably 25 bps likely in early 2023, so that's the debt sandbox AQN will have to function in.