BBP 0.00% 9.5¢ babcock & brown power

will be watching closely

  1. 2,120 Posts.


    I will be watching this stock very closely as I own shares in a US listed energy stock called Avista.(Stock code AVA). Now trading at $18 when a while ago they were $12 . This stock provides energy generation and transmission to the West Coast of US around Oregon, Idaho, Washington and Canada. It also provides Gas distribution to around 375,000 customers. Last Fiscal Year till December, it had revenues of $1.67 Billion and a Gross Grofit of $349 million. It has enabled to cut substantial costs over the years, and has now very strong growth, paying good dividends with a P/E of 12. Just an example of how a utility can eventually get it right when its just a few years ago it had low earnings.. Yes, sometimes there can be alot of money in power generation.
 
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Currently unlisted public company.

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