Susan P. Brunner reviews one of my old time favorite: Just Energy Group Inc. (JE). She had reviewed JE before in the past and again this time, Susan is hitting hard on JE - one more time - but for all the good reasons. However, I like to have some JE stocks in my investment portfolio.
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17 comments:
Sorry to hit on a stock you like. However, people disagreeing on what to invest in makes investing fun.
Hi Susan,
Too kind of you to come by.
I always like to read different point of views, that why I post your review in here.
No matter how much I like the stock, its always good to be aware of how things are really are.
Myself what I like in JE is the story behind the stock and how the company began. Macdonald journey is quite extraordinary.
I don't give a dam about the story behind a stock, I want it to make money, that's it.
Every stocks have a story how they rose to success. Just look at company like Nortel, Rim and Manulife, all canadian companies that rose to the top; great canadian success. We all know what happened afterwards.
Don't get attached to a stock.
just ask me about Rim and Manulife..good solid stocks with a story alright. Just Energy is a tough stock and was gang buster when it came out, i cannot wait til it gets close enough to my principal and i am the hell out of it.
JE is now at 12$+, going fine.
As for Manulife, RIM, I hope they gain again so you can recover.
I am not an insurance company lover, I just can't understand how companies like Great West, sun Life etc. can make money knowing what their business is about, paying other in insurance, debt insurance, car insurance. I mean, it mean too much of cash out rather than cash in.
As for the high tech sector, I am not really a fan of stuff like RIM, Apple, what's in today can be out tomorrow very quickly. Too risky.
your right about rim Sunny. love your dividend page...wow....have you bought or considered cisco? JE is improving and is going on the New York stock exchange. that must mean something. i bought your Corby, had thought about it for some time and when i saw the bonus...they must be a good company. all we need now is a takeover of pengrowth.
@ Ruth
I'm with you on JE, as soon as it gets back to what I paid for it I am out!
An interesting observation: the BMO Utilities ETF (ZUT) had JE as one of only 14 holdings in November, with a 6% weighting. The next month I checked again, and the holding had risen to 8.93%, the second largest holding. Someone thinks its a good safe stock, and undervalued.
Or $ value of JE just increased, which affected the holding %.
Don' t be a sucker, JE is bad news. Google JE and scam. The results speak for themselves.
I sold JE a long time ago....
Hi Jay,
Nice fact you are sharing.
As for the others who want to get rid of JE, please "just" go ahead, sell and let ME enjoy the big capital gain!
:^)
Sunny, I too am holding onto my position. I found it very positive that JE decided to end the DRIP program, thereby stopping the increase in shares outstanding. Next they announced they would be listing on the NYSE, potentially attracting many new investors. I have studied their financial reports extensively, and while there are a few mysteries--such as negative book value--I see cash flows are steady and rising. JE continues to expand the business beyond gas hedging contracts, and I hear they are looking to move into the UK. I follow a number of funds that hold JE, and if and when I see those such as ZUT abandoning ship, then I will consider selling. Meanwhile, JE keeps injecting large sums of cash into my portfolio, and that, at the end of the day, is the objective.
Hi Jay,
I felt the same way when I first learned that JE was canceling its DRIP. More internal trading can only be good for capital gain. Its going to boost the stock, hopefully.
http://www.facebook.com/pages/Energy-Utility-Scam/119670751395797
HI Pattirose
no doubt that i will sell my 400 shares that i bought at $14.69 immediately when it comes close enough or par...i love the dividends but this stock makes me uneasy. Pengrowth is another one that i am so disappointed in...too bad it is in 50% gas and we know where that is heading .
@ Ruth
I paid 15.74 for JE
man...Pattirose , do you think we will get that money back on JE , it looks like it is moving along nicely but it always makes me uneasy..fortunately we have the nice dividends while we wait to get it back. watched Cramer on tv and he said that Morgan Stanley was the best next thing to facebook stocks...heard on CNN today that the stocks would be about $29.
@Ruth
I think we probably will, eventually.
I was down quite a bit on DAY and luckily they got bought out so I ended up okay. I don't seem to be very good at timing my buys. The stock that I day traded was GSVC, if it falls back to 14-15 I will buy it again and keep it. I only bought 100 shares as that was spare change from divys in my US account.
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