Posted by mschwand on 28th of Mar 2024 at 02:34 pm
Haha, probably too much of an old school energy play to benefit
that much from AI, Digi. I believe they are cutting 650 jobs this
year, and took some writedowns (including a “goodwill” of
some sort) last year that make recent results look like a miracle.
The 7.5% div is supposedly guaranteed to grow for next few
years, which might be attracting investors as fed rate cuts
approach. Motley Fool has been talking up their renewable plays as
a hidden growth engine (or liability, depending on your
take).
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Haha, probably too much of
XLE follow up
Posted by mschwand on 28th of Mar 2024 at 02:34 pm
Haha, probably too much of an old school energy play to benefit that much from AI, Digi. I believe they are cutting 650 jobs this year, and took some writedowns (including a “goodwill” of some sort) last year that make recent results look like a miracle. The 7.5% div is supposedly guaranteed to grow for next few years, which might be attracting investors as fed rate cuts approach. Motley Fool has been talking up their renewable plays as a hidden growth engine (or liability, depending on your take).