Algonquin Power & Utilities Corp T.AQN

Debt

[RusticHit]

Debt is out of control with Interest rates spiking Up and profits tumbling down this is in tough tough situation ,,,look at  volume on Friday and today selelrs are selling at any price to get out ,,7-8 bucks by next month

[bmbruce]

if they announced a dividend cut now the s. p. would reverse upwards...debt is their main problem and by cutting the divy the market would respond positively..

[bushman33333]

This post has been removed in accordance with Community Policy

[RayDonovan78]

In the long term yes, in the short term no. In this market it just proves they have too much debt with a negitive outlook.

[1condor]

There are some on this board who believe the divvy wont be cut. Seriously...this company is extended and will need every penny. A divvy cut is inevitable. EVen after such a drubbing this stock is still very expensive for a utility.

[RusticHit]

They already Declared Div. for This Qtr. so no cut this year may be they will try to sell some assets and get Div. cut to Half by next year 

[dalesio_98]

Doesn't that just confirm they messed up big time? No guaranty market will respond positively. As a shareholder, your sp is down then they announce a divy cut ...

[besttobe]

Dalesio wrote "Doesn't that just confirm they messed up big time? " Yes...they messed up. Aquisition growth was too aggressive, for the unforseen Russian aggression and pandemic. This too will pass... But that is the market. Thiis will be a good time to buy. iMO

[dalesio_98]

Let's see what tomorrow brings, day 3.

[bmbruce]

the market is mostly focused their debt problem and it's impact going forward in terms of their ability to execute on whatever revised growth plan that they decide upon...as we all know markets hate uncertainty... this is what's driving the s.p. downward..at a minimum a press release that will reassure investors that they are in the process of taking steps, such as a meaningful reduction