JE dropped about 1.50 today :( due to in April the div will drop to about .07 a month but: copied form their website.
Currently JE has been recovering from a bad year they lost money in their ethanol debt and acquired some loans to where they are in debt i believe. But buy in the 7.7 to 8.9 range and anything under that is gravy. They also dropped the div to .07 per share a month. Also remember there is a Canadian sec tax of 15% this will drop it to .0505 a share which is still a great monthly dividend which when you think about it for every 1.75 you spend right now you gain about 1 cent a month. This is a great stock I believe for the Div. and any thing you can but under 7.70 is gravy. I would use the next year to load up for 2014 and they will be doing even better in 2015.
Highlights for the three months ended December 31, 2012, included:
? Gross customer additions through marketing of 341,000, up 10% compared to 310,000 in the third quarter of fiscal 2012. The 341,000 customers is a continuation of consistently high levels of customer additions seen over the past two years.
? Consumer customer additions were 150,000, up 34% from fiscal 2012. Commercial additions of 191,000 were down 4% from the record 198,000 added a year earlier.
? National Home Services installed base up 44% year over year to 222,000 with gross margin up 32% to $9.5 million. Including NHS customers, Just Energy exited the year at 4,346,000 customers, up 11% from a year earlier.
? TGF ethanol plant margin down sharply to $2.2 million for the quarter from $6.5 million in fiscal 2012.
? Overall gross margin of $142.5 million, down 3% year over year.
? Adjusted EBITDA of $72.5 million, down 18% year over year, reflecting earnings before marketing expenditures to add new gross margin.
? Future embedded gross margin of $2.2 billion ($15.19 per share), up 12% year over year from $1.9 billion ($13.56 per share).
? Payout ratio on Adjusted EBITDA was 62% for the quarter, compared to 50% for the three months ended December 31, 2011. For the trailing 12 months, the payout ratio was 65% compared to 60% a year earlier.
? Payout ratio on trailing 12-month Base Funds from Operations was 172%, up from 96% a year earlier as cash from operations was used to fund growth expenditures which have rapid payback periods.
? Year to date gross margin growth of 9% lags behind published annual guidance of 10% to 12%, and year to date Adjusted EBITDA down 6%, well below the published annual guidance of 8% to 10%.
it's a good time to get in but I’m waiting for about 7.70 a share I think people leaving will drop the share price to a new low