HERMANN MISSOURI OKTOBERFEST 2010

HERMANN MISSOURI OKTOBERFEST 2010
HERMANN MISSOURI OKTOBERFEST 2010 - CLICK ON PHOTO FOR THIS YEARS SCHEDULE OF EVENTS

Hermann Missouri 175 Year Anniversary 1836-2011

Hermann Missouri 175 Year Anniversary 1836-2011
Hermann Missouri 175 Year Anniversary 1836-2011

Search This Blog

Breaking News Videos (mouse-over click-to-open)

Wall Street Protest Live Stream

News Archive

Weather Radar - Interactive - Zoom-in to Your Location

Donate To Keep This Site Alive

Monday, April 4, 2011

Warren Buffett to Buy Ameren ?

_________________________________________________________________________

Analysts say Ameren could be a target for Buffett

BY DAVID NICKLAUS
post-dispatch.com 
Monday, April 4, 2011
___________________________________________________________________________________

In the financial-analysis world, figuring out Warren Buffett's next move has become an industry of its own. According to Bloomberg, The latest bit of speculation has his Berkshire Hathaway looking to expand in the utility industry, with St. Louis' Ameren named as one of the possible targets.
The speculation comes from CreditSights, a debt analysis firm. In a research note, CreditSights mentions several utilities as  candidates for acquisition by MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway. Besides Ameren, the potential targets are Pinnacle West Capital, NV Energy and Center Point Energy.
MidAmerican's chairman, David Sokol, resigned last week amid revelations that he had made a personal investment in Lubrizol, a company that Berkshire is buying. CreditSights analysts Dot Matthews and Scott Greenstein say, however, that the resignation shouldn't dull Buffett's appetite for acquisitions:
As long as the Sokol situation does not spiral out of control, we believe MidAmerican will bid on a U.S. utility.
Bloomberg also cites a statement in Berkshire's annual report as bolstering the analysts' thesis:
MidAmerican is positioned to increase investments because the unit "retains all of its earnings, unlike other utilities that generally pay out most of what they earn," Buffett said in February in his annual letter.
Off the top of my head, I can think of one big reason why Ameren might be attractive to Buffett: It's cheap. The shares trade for just 10 times last year's earnings, and 12 times this year's estimated profit, according to Bloomberg.
On the other hand, Ameren operates in a tough regulatory environment -- the Missouri Public Service Commission has been fairly stingy with rate increases -- and isn't seeing much growth in electricity demand.

. . Click Here to Read More.

___________________________________________ _____________________________________
. .
Donate To Keep This Site Alive
______________________________________________________ ___________________________
. . . .
_____________________________________________________________________________

Recommended links:
http://HermannHearsay.blogspot.com/(Hermann Area News, Commentary & Discussion)

No comments:

Post a Comment

Area Gas Prices Hermann and New Haven

HERMANN MISSOURI WEATHER 65041

Enter Your Locaton (below map) for Interactive Current Radar Map

Donate To Keep This Site Alive

NEWS

World News

Business News

...........

Top Ten Viewed Stories / Last 7 Days

Donate To Keep This Site Alive

.........

Hermann MO News TOP 10 Stories/ Last 30 Days

Donate To Keep This Site Alive

Top 10 Stories - All-Time (Oct. 14,2010 Inception)

Donate To Keep This Site Alive

Hermann Missouri Videos

Loading...

Hermann MO Videos

Loading...

Hermann Oktoberfest

Loading...