Just Energy Group Inc (fka JENGQ)

[LouisDesyjr]

I am amazed they pay any dividend at all

FY2016 Q2 report for the period ending Sept 30, 2015:
http://www.justenergygroup.com/Portals/0/Users/008/08/8/Upload%20files/Just%20Energy_Q2_2016.pdf

All numbers are in CAD.

Equity is negative $650 million and the company appears to lose money almost every quarter. In the year over year period, they lost about 300 million since Sept 2014 when equity was negative 311 million and Sept 2015 equity was negative 650 million.

Most of the borrowing is debentures, meaning it is unsecured.

I am amazed that anyone would buy the bonds, never mind the common shares that are going to be lower in priority someday, when the company finally has to file for bankruptcy as it becomes impossible to service the debt.

Louis J. Desy Jr.