Post by
Sukhi19 on May 12, 2018 3:10pm
GUESSING GAME
They have not bought back a single unit.
JCP revolt was due to high debt (for such a company), Solar and acquisition related lack of synergies.
The mangement must have realized that buying back units may not help the cause(unit price).
In view of the above, they may reshuffle their priorities for utilization os cash.
They may consider it prudent to pay off the debt which may mitigate thenegative sentiment.
Below $7.36 may be a good bet. Fundamentals are still in place.
California has made it compulsory to have solar panels for new homes.
At some stage solar business may pick up.
CEO is very astute. He is young and full of ideas. They are capable of doing better.
Planning to sell ENB on Monday. May buy back KWH.UN before or after the results.
Unit price will not go through the roof after Q1 as results are expected to be lukewarm which is making me lean towards waiting for results and then buy or sell.
I have learnt from deisman that paying the swings is a good idea.
Has been successful so far with VSN, ENF, ENB, ALA, CPX and KWH.UN.
Advice will be appreciated.
Comment by
Tad on May 14, 2018 11:10am
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Comment by
Sukhi19 on May 14, 2018 12:02pm
Tad, It may be good idea to buy after the results even if you have to pay a few cents extra.
Comment by
deisman03 on May 14, 2018 12:06pm
Good advice Sukhi. I wonder if some of the recent weakness is effecting Just Energy???? Maybe the other way around?????? It looks to me like they're heading back to the $4 range. Maybe the shorts on Crius smell another easy victim??? GLTA the good folks here
Comment by
Tad on May 15, 2018 1:34pm
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