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AvatarScott Pearcy
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Post count: 332

Yeah….it has been a steady climber for a while and the debt they have incurred is because of the construction of the two new nuclear power plants….The stock took a big hit in the early part of this year because of Covid (Nobody was using power in manufacturing!) and Southern had to make financial promises to the other stake-holders to guarantee completion of the project…..Once the construction project is complete and the new units come online supplying power, the stock should rebound nicely…..I purchase company stock through the Employee Stock Purchase Plan every time I get paid and when I have a sizeable amount of stock ($30K) I sell $20k and equally distribute amongst my self directed brokerage account (Logical Investor Portfolio) and a date targeted aggressive company managed fund…..