Algonquin Power & Utilities Corp T.AQN.PR.A

New 52wk low yesterday

[liljohnnyjoke]

surpasses the low set in Dec 2022 tax loss selling time, which is when it will hit its low for 2023 in Dec tax loss selling, maybe pick some up for a 20% bounce into 2024

[bmbruce]

Returning to 2014 levels... simply underscores the profound impact of interest rates on this company, particularly in light of its debt levels.

[pennydredful]

more   very  definitive   new   lows   today.   Happy    to   be   out   with   moderate  profit.

[555rookie555]

The question is when to back the truck up

[liljohnnyjoke]

Dec 27

[Sukhi19]

Nobody knows the right time. But if a utility company is yielding over 7% after a recent divi cut, it should be OK to buy . Remember that their Bogjt deal offer price was over $18 ( Not long time ago).

[bmbruce]

Algonquin's share price will likely bottom when interest rates reach their peak and start declining again....watch the 10-year Treasury yield, as it keeps rising towards 5%..... signs of easing inflation or weaker growth could cause yields to peak and fall, buoying Algonquin's share price... but without the Fed signaling a slower pace of hikes, yields may keep rising until monetary policy

[robertbig]

100 percent

[AlwaysLong683]

The above is typically true for all utility companies, pipeline companies, telecomms, and other sectors that tend to carry a lot of debt as a means of growing their businesses because of the reliability of their cash flow.   Eg. today's close:   FTS down 1.86%   EMA down 3.27%   H down 4.31%   AQN down 4.85%   The difference is that (at

[bmbruce]

While the current yield exceeds 7%, however most importantly consider the potential impact of rising interest rates... given the Federal Reserve's unchanging commitment to curbing inflation to a  2% threshold, there is the possibility that AQN could face pressure to implement another dividend reduction in order to manage its debt obligations....so imo, now's not the time to buy AQN on

[jx7000]

Yeah you can go wrong catching a falling knife. I went through that very scenario with Transalta Utilities a good ten years ago. I watched their stock go down in a see-saw pattern for a two or three years before I finally averaged out and made a slight profit.  I lost a lot of sleep..  TA used to pay a good dividend at one time, too, but things changed for the worse.  I followed

[robertbig]

nice insight, easy to get silly trying to average down and 'catch a falling knife'... you don't want to get into a situation where your position becomes so large it is keeping you up at night... need to stay disciplined, even when things seem like an opportunity.... don't go on 'tilt'