PNM Resources, Inc. (PNM)

dpid (< 20) Submitted: 9/15/2009 12:28:44 AM : Start Price: $12.09 PNM Score: -12.20

Schwab Screener
Index: S&P 500, S&P 400, S&P 600;
Dividend Yield: 4.0 - 6.0, 6.0 >;
Price Change Last 6 Months: >50

EnigmaDude (35.24) Submitted: 8/13/2009 9:41:31 AM : Start Price: $11.93 PNM Score: -16.04

reaffirmed 2009 outlook and beat 2Q earnings estimate.

billykip (< 20) Submitted: 7/29/2009 1:56:19 PM : Start Price: $11.73 PNM Score: -18.30

near 52 week high screen

SCOTTRHUETTLCPA (< 20) Submitted: 7/8/2009 2:53:22 PM : Start Price: $10.27 PNM Score: +16.56

FOOLISH PICK OF THE DAY

NEWSMONKEY (< 20) Submitted: 10/27/2008 6:18:42 PM : Start Price: $7.73 PNM Score: -16.27

too much leverage and it must come down. I suspect they will raise capital via an equity offering

Bobos54321 (30.46) Submitted: 10/26/2008 3:05:29 PM : Start Price: $7.80 PNM Score: +12.93

Everyone needs energy

rickyt1986 (90.44) Submitted: 10/23/2008 2:19:06 PM : Start Price: $7.58 PNM Score: +17.33

Good for the short term buy with the sell in increase.... its way below market price even for whats happening to our economy energy will be the first i think to bounce back.

jerryguru69 (93.00) Submitted: 8/28/2008 9:56:20 PM : Start Price: $11.15 PNM Score: +12.81

Wait just a second, there, cowboy. You are a public monopoly, and you are LOSING money? Tell me, pilgrim, how does that happen?

The recent 10Q: even if we remove the "loss of good will" nonsense item (see note #17), PNM lost $45M selling electricity. Guh?
It is hard to imagine a situation like this persisting very long.

PNM has 3 parts: First Choice (unregulated electric utility in Tx), and TNMR Electric and PNMR Electric (regular, public monopoly). ALL of them are losing money. OK, I got the deal with PNMR and the NMPRC: the stupid utitliy did not have a fuel escalation provision, so as the price of LNG went up, they were not allowed to pass on the cost to consumers (see note #10 in the 10Q). Result: instant operating loss. NMPRC finally allowed rate increase to compensate, but PNMR is still losing money. But what about the other 2 subsidiaries? They tried to get rate increases, but were slapped down twice; they are appealing the court ruling, but so what?

Hard to believe that all 3 regulatory agencies are unnecessarily stingy. Suspect PNM is run by the Keystone Kops.

So why am I recommending a company being run by the Gang-That-Couldn't-Shoot-Straight? Because all this bad news is already built into the stock price. It can't (I hope) go any lower. So, the first time something good happens (winning court case for rate increase, one unit miraculously turns a profit, actually decreasing operating expenses), investors will jump in with both feet. What a bargain huh? Well, they also will not take the time to realize that it is still an idiot company that cannot turn a profit if they hit the lottery; so, short term pick as soon as the stock blips up on good news, sell; not a long term pick.

pigtony1 (< 20) Submitted: 6/5/2008 5:42:40 PM : Start Price: $14.09 PNM Score: -1.81

upgrading of envromental systems is almost complete and the hot summer is approching in the Tucson and Phoniex are where PNM supplys then majority power to.

bjharry (< 20) Submitted: 5/15/2008 1:11:17 PM : Start Price: $13.50 PNM Score: +2.46

Utility company is a developing nation. Enough said!

dothedow (74.74) Submitted: 5/3/2008 12:38:33 AM : Start Price: $13.96 PNM Score: -0.71

value pick

brownhouse (68.34) Submitted: 4/16/2008 11:12:31 PM : Start Price: $13.06 PNM Score: +1.94

This one is more of a wager, I think that PNM will be able to get a rate hike.

josiegallegos (< 20) Submitted: 4/4/2008 12:46:44 PM : Start Price: $12.25 PNM Score: +8.40

Will turn around after rate case

wallystock2 (49.07) Submitted: 2/24/2008 1:54:49 AM : Start Price: $11.69 PNM Score: +11.12

just missed numbers. pays out a 7% yield to wait. had warm weather this winter. was 13 about 7 years ago and then they reinstated their div. i will wait. down from 34 in a matter of months. one of the fastest growing areas of the us. also provides gas service.