+ Watch AES
on My Watchlist
A global power holding company which through its subsidiaries, operate a portfolio of electricity generation and distribution businesses and investments on five continents and in 27 countries.
This is Obama/Biden stock :) well, may be mccain is into wind energy too (drill baby drill)Wind energy is one huge component of the future energy independence, and AES is very heavily involved in that right now (latest news were about PA wind farms).Anyway, at this p/e it's simply ridiculous.Fund redemptions + insiders buying like crazy - what does it tell? :)Today dropped another several percents - two redemptions 320k shares each. Still at 87% institutional ownership, so it may be a bit too early for a confident daily bullish trade, but as a true investment - it should be a winner.Also - it's a very well run company, they know what they are doing.Tons of cash, leverage is high, but that's not a problem .The only problem, as an aggressively growing company - no yield. In these crazy times, high yields are attractive. So it's not as sexy for those looking just at yield returns from some very boring utility.Anyhow - at this trading level, even these loosers will redeem more shares - it's a no-brainer to buy! All aboard :)))
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