Zeev's Turnips Patch-No Politics (ZEEV)

[KyrosL]

ILA's dividend is now 70 cents. It was cut recently a week or two after the company assured investors it was safe. It is withdrawing from the energy trading business, which comprised 50% of its profits. It is tangled with a cash burning telecom business. Its management and BOD have lost credibility. For example, they got some exorbitant bonuses earlier this year for the "success" of the trading business. There was a WSJ article about them a day or two ago.

Still, it probably is a bargain down here, but I think there are safer bets among the power producers.

Kyros