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Russian, I have a stock for you .. ETR .. $65 w/ 5% yield

Posted on 4/22/09 at 3:04 pm
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 4/22/09 at 3:04 pm
really hard to envision it going much lower...
Posted by LSURussian
Member since Feb 2005
127103 posts
Posted on 4/22/09 at 4:41 pm to
Thanks, but I already own 50,000,000 shares of Entergy. Oh, wait!!! OOPS!!!
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 4/22/09 at 8:39 pm to


seriously, what are your thoughts on it
Posted by LSURussian
Member since Feb 2005
127103 posts
Posted on 4/23/09 at 8:14 am to
I tend to shy away from all utilities just because they are at the mercy of politicians (PSC, for example) for their profits.

Plus, I personally think (this is just my perception, not based on any empirical data) that Entergy is a terribly managed company. They are constantly going before the PSC asking for rate coverage of their "mistakes." My personal experiences with them after Gustav last year taught me they can't find their butts with both hands.

And lastly, I don't know how much The Messiah's carbon emission's cap and trade proposal might affect power generating companies ability to generate profits....although, I really don't think His proposals will pass congress. (I hope not anyway.)

For those reasons, I would not buy ETR, or any electricity generating utility. Having said that, ETR may be a great buy!
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