cgm

Constellation Energy Group: Reasons Behind the Sell-Off

You failed to mention reduction of the dividend as a factor. Those who liked CEG in part for the hefty dividend may have left when the huge dividend cut was announced.

I hear that of the $4.5 billion, $1.5 billion would go to taxes, so that amount needs to be cut out to the value of the company.

I think the price is now in the priocess of stabilizing and will find its appropriate level.

Buffet had a steal if he closed and a nice margin of safety from the breakup, so he wins either way. Cash is definitely king in this market.