I have a few days of vacation ahead and its going to be a family camping in my one and a half apartment. So you won't hear from me for a little while. I haven't been that much active around here. Its quite busy at work.
Yesterday, Just Energy came up with a press release regarding their finances and also regarding their dividend.
Please read this: "Ken Hartwick, Chief Executive Officer, added: "The long-term strategy
of our business, which focuses on profitable growth remains
unchanged. We expect to continue to gain market share throughout our
existing footprint in North America and in the United Kingdom,
increase customer value via product bundling, continue to pay an
industry leading dividend, pay down debt and identify new methods to
drive long-term growth. Just Energy has a strong track record of
customer, gross margin and embedded margin growth and we believe this
strategy will serve to further enhance these metrics over the
long-term and un-lock shareholder value. Our expectations for fiscal
2014 will allow us to achieve both growth and debt reduction while
maintaining the current dividend. In addition, the new customers we
expect to add will further improve our balance sheet in future
years.""
Can investors believe him?
Ken Hartwick is a fellow that is also involve in Atlantic Power Corporation (ATP). Currently, ATP is facing many law suites because they broke their promises regarding their dividend. And it seem to me that by decreasing its dividend, Just Energy entered in the foot steps of Atlantic Power Corporation (ATP). I am a fan of Just Energy but I am not exactly a fan of Ken Hartwick. Is Ken Hartwick responsible in any ways for the flop regarding ATP?
I don't know anything about it, but I am really concern that he might have play a role and I don't really like Ken Hartwick as CEO of Just Energy. Why does Rebecca decided to step down on her empire? Enough rich? I don't have a clue. But having Ken so closely related to the trouble company that is now Atlantic Power Corporation is a real pain in the ass to Just Energy.
I think that investors are scared of the relation that may exist between Atlantic Power Corporation (ATP) and Just Energy Group Inc. (JE).
What do you think?
Subscribe to:
Post Comments (Atom)
Posts
14 comments:
JE is a high risky stock now. Do you really want to gamble more than $5000 in the stock? If you calculate total money you put in the market minus total stock values... for sure you lost so much money. Why are you wasting your hard earn money like this? Buy high quality stocks and sleep well.
The scary thing about companies like JE is that, most people, in their right mind, do not buy their services. I try to look at companies from which I buy their products/services. JE has a lot of debt and I think the last dividend cut didn't go deep enough. SPB was in trouble a couple years back, they slashed the dividend quite a bit and fixed their debt problem. Only difference is, I use SPB propane for my BBQ and refill my tank a few times a year. Energy marketers are scary and should not be trusted. I got out of JE around $9, took a loss but feel good about being out.
this is your cue to sell JE!!!!!!
when someone comes out like that it's to reassure the stock holders.
look at high executive dumping a lot of shares on the pop of this announcement!
you've been warned...
stock went up big time on Tuesday based on this news.
a good one dollar almost which is +15% on a single day.
you should have bailed out. today it's going down again. just watch high executives are dumping their shares and took advantage of the up tick...
Not one person can cut the dividend. It the board of directors who decide to raise the dividend, cut the dividend or to even pay a dividend.
I think they should pay down debt instead of trying to grow. If we have another recession they would be better off as the debt payments will lessen over time. Then start to improve growth.
the way i look at it Sunny and i took a beating on the stock..had my chance to sell and blew it. if you cash it , put the money to work to start to earn some of the losses back...the way it is now..it is only going down. what reason could there be for it to go back up?
This is a blog how not to invest.
There is no trading going on in real life. It is imaginary. Just to rile up the raders.
Because nobody could be that bad at stock picking. Even a monkey throwing darts. ...
That is not a kind thing to say to a hot blogger.
LOL!
Yeah, but remember I said many months ago that you are fat, not hot....LMAO!
If you were hot, I would still think you are an airhead, just a damn hot airhead.
If you were fat, but a good stock picker, then at least that would be hot.
But you are just fat. :(
If not, let's see a pic from the neck down, to preserve your anonymity. Just sayin'!
You are such a moron.
I am the opposite of you, I hate JE on principle. They somehow got hold of my electric and gas billing info and switched us to their (higher cost) plan. They didn't talk to my wife or I so they must have tricked one of the kids to show them our billing info. No notification given, just noticed that the provider on our bills had changed from the local utilities to JE. We were stuck with them for 3 years I think. Search under "Just Energy scam" if you want to know what tactics they use. A company that operates like that should not stay in business. Sorry about your investment $ but personally I will applaud if/when they go bankrupt.
If you want to know how JE operates, just search "Just Energy scam". I know, we are one of many that were scammed by them. Sorry about your investment $, but personally I don't think a company that relies on trickery to get clients should be allowed to exist, so I will be happy if/when they disappear.
you are such a poor stock picker, a monkey can do better job. just invest in an index fund and you wouldn't have to worry anymore
The inaccuracies in your posts are astounding... for someone who admits multiple times in a post that you 'don't know' something perhaps its time to switch to a subject you do know more about.
Post a Comment