IBERDROLA SA (NASDAQOTH:IBDRY)

CAPS Rating: 2 out of 5

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Player Avatar TMFBoiseKen (95.04) Submitted: 11/18/2012 7:07:54 AM : Underperform Start Price: $19.31 IBDRY Score: +7.72

Iberdrola is being ripped by New York regulators for its deep and irresponsible cuts to utility work crews. The company will be forced to beef up its work force to prepare for big storms during the fierce Upstate NY winters. This company is a poorly managed global hodgepodge of failure. Gains in margin are an unsustainable mirage ...

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