RE:If You aree Buying in the $9 RangeHey Dean
How she go?
Definitely interesting stuff on AQN these days. I have very little faith in the current management but I have huge faith in AQN's assets.
As we all have at one time or another, I've been burnt by idiotic CEOs with the three biggest being Harris at ALA ,Marino at BTE, and LRE by Andrews. I just don't think this is quite the same screw-up as KPC is still a smaller ratio of AQN's total value.
Anyway, I've soured on REITs and have been doing some serious trimming of our last 2. I actually did some more this morning and bought some more AQN and you might be interested to know, some more Telus. (I know RED will be :-)
So far this week, I've added 3205 shares of AQN at an average of $9.39 and replaced all of the Telus shares I had sold in November but at $2.08 less per share.
Part of all of these moves is that I'm still tweaking our portfolio asset allocation strategy/model.
Take her easy
Sarge
DeanEdmonton wrote: A 50% cut in the dividends won't hurt your feelings. If you bought it in the $20 and didn't sell when Kentucky Stupid was announced, whole different ball of string. There is no two ways about it, the current CEO and Board messed this up big time and all there is now is to try and work towards cleaning it up. For those of you buying now, you must have a lot of trust in what is going to be said at the Investor Day and what will happen after that. Personally, once bitten by grossly stupid executves and boards, I will wait to see what actually happens. Good luck to all who are holding or buying in, hope you turn out to be right.