Few positive things can be said about Atlantic Power (NYSE:AT). During much of 2012, Atlantic Power repeatedly reassured its shareholders about the safety and sustainability of its dividend before then slashing the dividend 65% on February 28, 2013. Atlantic Power also vastly understated the concentrated nature of its distributable cash flow. In addition, soon after reducing the dividend, Atlantic Power adopted a shareholder rights plan, also known as a 'poison pill', which is widely seen as a defensive tactic to deter a potential takeover. The market has not reacted kindly to these events, with Atlantic Power's stock down a massive 66% YTD. However, Atlantic Power still has several major downside risks, mostly associated with its large amount of...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|