- Vistra Energy was on the path to be one of the great story stocks coming out of the pandemic.
- While the coronavirus had basically zero impact on earnings, the Texas Winter Storms cost the firm billions. Much of that was due to factors outside company's control.
- An 8.0% Preferred to buy back stock preserves a path to investment-grade credit and lets management aggressively buy back shares before the market comes around to 2022/2023 earnings health.
- Per share metrics do not factor into the largest bucket of executive compensation. Management has been out buying the stock in the open market.
For further details see:
Vistra Stock: Financial Engineering Or Sound Management?