01-26-2014, 06:17 PM
Rob,
I think you may be thinking too short term of PM's prospects. Not only are you facing the currency issue but the anti-smoking zealots are just starting to get wound up internationally. PM will adjust as it goes along -- it's been there before as part of MO
ED is probably suffering from several factors. Dealing with the NYS Public Service Commission is particularly tough for quite a while now. People are fed up with high utility prices and taxes in NYS. Part of the problem with utility pricing is the hidden taxes the state shoves down their throats.
Secondly, ED is hindered in their flexibility. There are no large transmission lines being built into the city so their ability to "shop" cheaper merchant supplies are limited. Here in upstate we suffer from a glut of excess capacity but there's just no way to get it there. The NIMBY's have tied up all the efforts.
Next is 9/11 which interrupted their distribution network. Then add hurricane Irene in 2011 and Sandy in 2012. They can't get a break for reacting to large disasters plus the reliability asurances being demanded of them as a result.
CSCO? There's been a lot of speculation in the trade rags about how much "cooperation" they've given the NSA. Security-minded organizations have given pause at purchasing their advanced networking products (where CSCO makes the big money) for fear they've given the NSA big back doors. No sure what effect that's had on the bottom line but it is mentioned often enough.
Just my own reckoning and none of it may be applicable.
BTW, thanks for the INTC div schedule. I knew it was variable just didn't realize it was so random.
I think you may be thinking too short term of PM's prospects. Not only are you facing the currency issue but the anti-smoking zealots are just starting to get wound up internationally. PM will adjust as it goes along -- it's been there before as part of MO
ED is probably suffering from several factors. Dealing with the NYS Public Service Commission is particularly tough for quite a while now. People are fed up with high utility prices and taxes in NYS. Part of the problem with utility pricing is the hidden taxes the state shoves down their throats.
Secondly, ED is hindered in their flexibility. There are no large transmission lines being built into the city so their ability to "shop" cheaper merchant supplies are limited. Here in upstate we suffer from a glut of excess capacity but there's just no way to get it there. The NIMBY's have tied up all the efforts.
Next is 9/11 which interrupted their distribution network. Then add hurricane Irene in 2011 and Sandy in 2012. They can't get a break for reacting to large disasters plus the reliability asurances being demanded of them as a result.
CSCO? There's been a lot of speculation in the trade rags about how much "cooperation" they've given the NSA. Security-minded organizations have given pause at purchasing their advanced networking products (where CSCO makes the big money) for fear they've given the NSA big back doors. No sure what effect that's had on the bottom line but it is mentioned often enough.
Just my own reckoning and none of it may be applicable.
BTW, thanks for the INTC div schedule. I knew it was variable just didn't realize it was so random.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan