TransAlta Corporation in my opinion has been a horribly managed company over most of the past 25 years or so.
But lately I am hearing a lot about how the Alberta Power electrical generation companies are gouging customers due to certain changes in the market.
So, I thought I should take a look at it. The stock price at $10.15 is down lately but not as much as some other utilities. The forward P/E is about 21 according to Yahoo Finance
This used to be a high dividend stock but looking at the dividends I see it was cut years ago and has only been partly restores the dividend yield is only 2.2%!
So, other than this talk of gouging there is really nothing to suggest this will be a good investment.
I was thinking of doing some detailed analysis but perhaps I should not bother.
I’ll take a very quick look at Capital power tomorrow which has a far better track record.