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Author: rookiex One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 220  
Subject: Re: New Texas reactor plans ditched Date: 11/23/2012 4:20 PM
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Thanks Cogitarius,

I agree the credit rating should take precedence--and that EXC can't control the weather or gas prices--however, given the 33% drop in the stock price this past year, believe management should figure out an alternative to a dividend cut.

While the widow/orphan label may be delusional, many folks hold significant EXC positions in retirement accounts that can not be written off despite such huge losses; the least we should be able to do is count on management to maintain the dividend by effectively and professionally steering the ship through these uncertain times.

I should also point out that in listening to the call, I came away with the distinct impression these folks aren't particularly competent. Whether it was the operator making everyone wait for painfully long periods between different analyst questions or managements' "we are at the mercy of things beyond our control" theme throughout the discussion, I was completely underwhelmed with the call and this leadership.

I would sell it all now, but since I can't write it off, will look for a better exit next year after the cliff concerns are ameliorated.
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