Pat: I would appreciate your insight on Otter Tail on Nasdaq. It seems like a well-diversified company with lots of potential. Bill Gates just increased his stake to 20%. I am thinking there must be some benefit if the percentage is so great. Looking at the fundamentals with a 5.3% dividend, this does look good. I would appreciate your thoughts.
Otter Tail Corp., $22.61, symbol OTTR on Nasdaq (Shares outstanding: 35.7 million; Market cap: $807.0 million), is the parent of Otter Tail Power Company, which supplies electricity to 129,000 customers. These clients are in a rural area that overlaps Minnesota, North Dakota, and South Dakota. Otter Tail gets 50% of its electrical revenue from Minnesota, followed by North Dakota (41%) and South Dakota (9%).
Residential clients account for 28% of Otter Tail’s electrical revenue, followed by commercial and farms (35%), industrial (21%) and other (16%). The company also has manufacturing, health services, food ingredient processing, plastics, construction and transportation operations.
Otter Tail reported lower revenue in the three months ended September 30, 2009, on weakness at all of its operations except food ingredients. Total revenue fell 27.1%, to $257.4 million from $352.9 million. Earnings per share fell 6.5%, to $0.29 from $0.31.
Bill Gates’ Cascade Investment LLC of Kirkland, Washington, holds a 20% interest in Otter Tail. Cascade has made investments in…
Privacy Policy and Terms of Use
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The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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COMMENTS: TERMS OF USE
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As discussed, you can always choose not to provide information even though it might be needed to make a purchase or to take advantage of TSI Network features.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
