Entergy Corp New (NYSE:ETR)

CAPS Rating: 3 out of 5

An integrated energy company engaged primarily in electric power production and retail electric distribution operations. It has two business segments: Utility and Non-Utility Nuclear.

Recs

2
Player Avatar colonialpara (< 20) Submitted: 8/14/2008 2:15:12 PM : Underperform Start Price: $77.04 ETR Score: +52.86

Entergy has lost more than 27% of its share price over the last year, despite some really excellent profit reports.

They are trying to sell off the Nuclear power unit located in the NE and having trouble with NY State and VT due to issues with payments they were supposed to make to both states as the result of purchases from the NY Power Authority (NYPA) and the state of VT as a result of their purchase of VT Yankee.

I do not believe Entergy is dealing honestly with these states and they've been fined by the NRC for failure to maintain adequate alarm and siren systems at Indian Point. The bought IP2 and 3 and have cut staff at both plants.

I own 500+ shares and have seen my investment lose 27% in value in the last 6-8 months. The share price of this company is heading south and quickly. I wish I had sold a year ago.

Member Avatar Ghudnub (< 20) Submitted: 8/27/2008 4:44:46 PM
Recs: 0

Analysts figure the stock is worth around $123 a share. The fluctuation looks rather cyclic in nature when viewed on a 5 year trend. Stick with it, it's on the way back up.Entergy is being held up by Emergency Planning approval of their sirens. They are trying to do the right thing, red tape is the holdup.The spin off of the units in the NE is a good thing. The unregulated business will thrive, you'll get some of that stock when it happens as part of the deal, right? I'm looking forward to that opportunity.I bought most of mine at $32 and sold at $68 because I couldn't see it going higher. It just dropped down to ~$99 and I'm all in, riding it back to ~$125.

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