Re: Earnings
in response to
by
posted on
Nov 17, 2013 09:48AM
You're welcome M.
KWH saw a big drop on Friday , as we all know by now. Reason, a relatively poor quarter due to hedging problems because of unusuallly hot weather in July followed by unusually cool weather in August. Bearing in mind that the company has been around for only 1 year as of this month. I think that they may be on a learning curve as to how to manage forcasting as well as overall growing pains with an expanding company.
I think that the markets over reacted greatly to the 3rd quarter results and that trading over the next couple of weeks will see an increase in our SP from these levels. We are invested in a foreign asset Canadian Utility which has built in customers and tax advantages for us. If we can maintain the divy as management seems to want to do, investors will buy back in.
I hope M and others do take the time to listen to the conference call and give us their thoughts!! If Portee were here , we would be getting an earful by now !!
I do not believe that Crius is a here today ,gone tomorrow tech stock. Also remember that we are now well into tax loss selling season and with some dry powder,some great buying opportunities will present themselves. This is JMHO and I welcome your thoughts.
Rico