Investment Thesis
Just Energy (JE) (TSX:JE) delivered another poor quarter and the company announced its plan to suspend its dividend payment. We view the move necessary, as the company needs to preserve cash to reduce its leveraged balance sheet. Despite its attractive valuation, Just Energy is still experiencing a structural decline in its business. We do not think this trend will reverse any time soon. Hence, conservative investors with a long-term investment horizon may want to seek opportunities elsewhere.
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Recent Development: Q1 Fiscal 2020 Highlights
Just Energy delivered