Algonquin Power & Utilities Corp T.AQN

BNN Market Call - Stephen Takacsy

[newcoin]

He sold it in November 2021 when they bought a Kentucky company; didn't like that ROI and many institutional investors still don't like that deal for its huge capital cost, but limited return. They recently announced a 40% dividend cut, and they must sell some assets (but AQN hasn't said what). This is dead money until management regains credibility.

Electrical Utilities

Stephen Takacsy, B. Eng, MBA

$9.610

No

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[svsingh83]

Always do the opposite of what analysts say.

[Paray99]

True. I am just holding and sure that it will hit minimum $11 within a month time. I am ok with 20% return in 2 month time. I don't care if it will get back to $15 again, but will collect the dividends until I sell. No sentiments to any companies these days. Because, most companies are good for their management than the retail investors!