Share this article

print logo

BUFFALO STOCK SPOTLIGHT

Niagara Mohawk Power Corp.
Syracuse-based utility says it has asked the state Public Service Commission to allow it to offer discounts to some industrial customers in an effort to keep them from buying electricity from somewhere else. Firm says 50 of its biggest customers are considering such a move, which would cost the utility $105 million in revenue if all of them switched.

Common stock data
Latest close .... $22 3/4
52-week range .... $18 1/8 - $22 3/4
Dividend; P/E ratio .... $1; 12.3
Beta .... Up: 0.58; Down: 1.63
Earnings per share
Fiscal year 1992 .... $1.61
Analysts' mean estimate
for fiscal year 1993 .... NA
Key financial ratios
Profit margin .... 7.4%
Return on common equity .... 11.4%
Return on total assets .... 3.3%
Debt to equity .... 156%
Current ratio .... 1.0
What a key exec says
"We are now competing directly with the self-generation alternatives of our industrial customers. This phenomenon could be detrimental to everyone in our system."
-- William E. Davis, chairman
SOURCES: Standard & Poor's; Media General; Zak's Investment Research.

There are no comments - be the first to comment