The report on TransAlta is updated. It’s been “generating” attractive levels of free cash flow. It looks under valued. But it is a very cyclical and hard to predict business. It also has a weak balance sheet although the CEO claims it is a strong balance sheet.
I have a particular interest in the Alberta electricity market and that is the reson I wanted to look at this company. The annual report is 278 pages and so there was LOT to look at.
I may also take a look at its preferred shares.