+ Watch TAC
on My Watchlist
A non-regulated electric generation and energy marketing company is engaged in the production and sale of electric energy.
positive growth and dividend for a fotign stock though its connection in the u.s. If you can stsnd a foreign tax and can't get in with ge, this is a good start in with.
You want relative safety? Utility, check.You want some diversity? Yes it has coal but it also has a great renewable energy program.You want stability and an economy that might hold up? It operates in Canada, the U.S. and Australia.This is "Canada's largest publicly traded power generator and marketer of electricity and renewable energy".Oh, and the now 7% or so yield doesn't hurt.It is trading at the low end of it's 52 week range. Upside looks uncertain, as who knows where the global economy will go from here. So you may not get a whole lot of appreciation while you sit there and pocket your 7% yield, but the downside risk seems minimal. At some point, the economy WILL improve, and so will TAC. In the meantime, 7% on a large, diverse and critical utility (everyone needs power) is not such a bad deal at all.Most of you have probably never heard of this hundred year old company. Their website is very informative. I suggest you take a look, if you're looking for safety and income.http://www.transalta.com/about-us
I like it.
I don't see any specific catalyst that will lift TransAlta's stock in the short term, but it certainly appears to be oversold to me at this point. Here we have a company that pays a massive 60% dividend and yet has a very low payout ratio.The fact that TAC generates half of its electricity using coal bothers me somewhat, but it is in Canada and not the United States so I don't believe that it will be impacted by the new U.S. EPA regulations. I'm sure that Canada has its own regulations restricting coal, but as a fuel source coal is actually really cheap right now, which theoretically should be good for the company.Continued low power prices shouldn't hurt TAC much either. It has pre-sold its 86% of its power capacity for 2012, 78% for 2013, 73% for 2014 and 67% for 2015.TAC isn't going to knock your socks off, but it looks like a fairly stable way to generate 6% in a low-yield environment.Deej
this stock is generating an attractive dividend,it also has taken over the assets of canadian hydro developers which is gonna boost the bottom line.large pension fund managers will be buying this stock for pension safety and attractive dividend.currently the on balance volume indicator is bullish and there is buying interest in the stock.transalta has one of the highest returns of equity in the utilities sector.this stock is managed well and there is little risk.
NEED SAFTY AND MONEY THIS LOOKS GOOD
I live in the high desert where temperatures will soon reach upwards of 118 degrees. I like the diversified locations of the company's plants to include: Yuma, AZ, Southern CA, Mexico and Canadia. The plants are also a combination of wind, solar, geothermal, and renewable resources. I often pick stocks based on managements style; I like their responsible approach which includes current plans to restructure debt and seek innovative new markets.
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