Post by
Smeeeee on Nov 16, 2022 3:19pm
So much hurt on this...
.......board right now.
I get it. If I had purchased this anytime in late 2019 to mid 2022 I'd be out money and perhaps a little peeved. I would however be grateful that I am getting 5-6% divi's. Whooa, they MIGHT cut divis... well, even if they cut the divis in half you would still get 3ish% which isn't the end of the world but there are better options in the market. Hence all the selling. Not because they want the CEO fired, or because Kentucky power comes with debt or because the company might be sold but because better diiv's are available in the market. Hell some selling might even be early tax loss selling but thats a stretch. However, if you are buying now at low $10's or you hold a day or two to see if it get down to $9.80 which is approx. next support...this is a great buy.Divi are 9-10%... and there will most certainly equity growth over the next few years from this level. Also the debt brought by Kentucky Power also comes with Revenues from Kentuckey power.
Rant and rave all you want, I would, but remember that there are guys out there thinking as I am, just dying to buy your shares. As someone said already accumulation has begun for those who want great divi yield now... AND even if they cut divi to half... that stil 4-5% at 10bucks. The big question... will they eliminate the dividend... my opinion is that I doubt it. Utlity companies are purchased for the consistant divis. if they did cut the divi completely... you wont be able to get the exit door fast enough!! Then you will see firings and fire sales... Al of this is my own personal non-professional opinion. I am looking to buy in now I wish all of who are licking wounds all the best and it will get better in time... again JMHO!!
Comment by
NatGas1011 on Nov 16, 2022 3:35pm
Well said. I have also bought some shares with the recent plunge.