If it is worth $25.00, why would you sell it if it falls to $20.00 (without any news)? If you feel there are all these people who know something you don't, you shouldn't be in the market.
Net debt (debt minus cash) is 8.8 billion. Tangible equity is 10.9 billion, and they have lots of real estate bought long ago, and so undervalued on their books. Many companies with "steady" cash flow have much higher debt to tangible equity ratios
Almost all their business is as a local utility. They do have an energy management business which they are trying to make sufficiently attractive for sale - I can't imagine them getting more than the equivalent of $2.00 a share (that would be great). Other operations are insignificant and seem to lose tiny bits of money. I own AVA, but not because it is diversified.
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