MEL - Meridian Energy

[Joshuatree]

First NZ Capital research here if anyone hasnt seen it https://www.firstnzcapital.co.nz/public/

[iceman]

Thanks Joshuatree for posting this link. I hadn't read it. One incredible bit of info in it is that in 2006 Meridian had 365 full time staff and in 2013 they had 827. Sales volumes have been static during this period. Efficiency of Government owned companies right there for all to see !

[janner]

NZ is one of the most politically stable countries in the world.
Once Labour discover how much money the goverment will lose in income from altering power charges they will rethink thier great idea's.


According to all the value investment books I have read recently buying a power generation company at 9x ebita is a screaming buy.

I know there are alot of value investors on this site so I am keen to hear your opinions.

Opinion !!.. It stacks up...

Another reason.. We have a very good membership here from all cross sections of the investment community..

Nobody is really nay saying it..

Back to my opinion.. It stacks up.. Ticks all of my boxes..