Genie Energy (NYSE:GNE) is due to report Q2 results today. These results should be materially better than the Q1, as last quarter was negatively affected by the factors outside company's control. However, investors seem to disregard this and Genie Energy's share price has declined 36% since March 2014.
I got first interested in Genie Energy due to arbitrage situation covered in my previous article. But the more I read about the company, the more interesting it got from the long term investment perspective. Majority of GNE shareholders seem to agree with me, as hardly anyone participated in the common-to-preferred exchange, despite preferred trading at 10% premium and offering a very safe 8% dividend yield.
Genie Energy's background...
|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|