4 ms·
https://www.alphaquery.com/stock/PEG/fundamentals/annual/profit-margin https://www.alphaquery.com/stock/PEG/fundamentals/annual/pro... does not look like the pr
by streptomycin 1y ago
https://www.alphaquery.com/stock/PEG/fundamentals/annual/profit-margin https://www.alphaquery.com/stock/PEG/fundamentals/annual/pro... does not look like the profit margin has increased over the past 5 years.
Also their stock underperformed the S&P 500 over the past 5 years.
I'm not really a finance guy so probably I'm looking at it wrong, but that seems like some pretty bad price gouging.
- delfinom 1y agoOnly morons accuse NJ/NY utilities of price gouging. Both states heavily regulate their utilities. Utilities may get large rate increases approved, but it's after they submit substantial evidence of their finances for the next year. The profit margins are basically state controlled.
- ethbr1 1y agoRegulatory control of margins just incentivizes companies to find loopholes. Look at all the bullshit that passes for business as usual with Florida utilities -- political campaign donations, self-dealing, constructed overbilling by related subsidiaries, etc.
- cco 1y ago>...does not look like the profit margin has increased over the past 5 years. Just tripled over the last 20 years from 6% to 18%?