RE:RE:Utilites are Supposed To Be Safe HavensSargeX wrote: Hey Dean
Spot on as usual. I've now experienced this terrible new CEO syndrome 3 times with Harris at ALA, Bayle at IPL, and now Banskota at AQN. As I always say, watch out for the BTOs (Big Time Operators) that want to grow the company for the sake of their bonuses. The CEO compensation model is totally FUBARed.
I didn't own VET but watched Marino do the same thing there. I'm sure there's lots of others out there.
I must say that I'm haivng a hard time trying to understand why AQN wouldn't just walk away from the KPC deal and use the saved cash to buy back some of the shares from the last issue.
Ciao
Sarge
DeanEdmonton wrote: Utilites are desbribed as Dividend plays, widows and orphan funds and on it goes. ALA, Trans Altaa Renewables, before it and now this have proven that bad leadership and stupid BoDs can mess up even a stable company like a utility stock. Managment is EVERYHTING no matter what the induustry or company. The entire leadership of this company and the Board need to go, Full Stop.
With brain-dead management from Banskota it's easy to understand. He's ambulance chasing the move away from Renewables back into Real Energy. He just had to have Kentucky Smoke Belch to dilute AQN's Renewables portfolio. The more egregious act of stupidity, to me anyway, is the huge chunk of debt at variable rates. That is inexcusable.