Comments on: ‘Evaluating Alternatives, Including Potential Sale’

By: Make a New Plan Stan

Make a New Plan Stan — Tue, 29 Jan 2019 10:05:38 +0000

Also with the sale of the company they can address any over staffing (read: pesky/rebel rousing) issues……do some weeding like most companies do when they change hands.

By: Friends and Family

Friends and Family — Tue, 29 Jan 2019 00:14:29 +0000

So let’s see. The company previously interested wanted “new technology”. The stacks are already being built for old technology, so rule them out, they won’t be interested. My prediction, a Canadian company currently buying up utilities in the Caribbean will be interested and probably with a deal that the current CEO, the Canadian guy, will get a job with them and still run the BELCO. Umm, bet his contract gives a bonus for an increase in stock price which happens with these sales and additional bonus for an increase in profit through a gain on sale of the business. Maybe I am wrong, but I doubt it. The government should have sent him packing.

By: Mark

Mark — Mon, 28 Jan 2019 21:41:53 +0000

Must be why the Pee L Pee shoved Renee Furbert all the way to Belgium; bet Burt has someone equally incompetent lined up to mess this one up.

By: question

question — Mon, 28 Jan 2019 18:16:21 +0000

Perhaps they could run that with all the expertise they use to run trash collection and buses. We don’t really need electricity every day, do we?

By: Bermuda Tuna

Bermuda Tuna — Mon, 28 Jan 2019 17:51:43 +0000

Ray Charles could have seen this coming, There is zero confidence in Bermuda’s infrastructure and businesses.
Anyone who has vision has long gotten their investment out of the Island because we have always been held ransom by a certain group.
They went out Two Rock passage long ago in the late 70s, even they saw it coming.
Water is coming in the boat fast!

By: sandgrownan

sandgrownan — Mon, 28 Jan 2019 17:27:07 +0000

Forgot to add, political interference. Name me anywhere where that’s been a good thing.

By: timm

timm — Mon, 28 Jan 2019 17:19:12 +0000

omigosh no way

By: gustav

gustav — Mon, 28 Jan 2019 16:49:31 +0000

PLP shoud buy it , LOL
indeed an government own electric organization has a certain charme , but our government prefers to spent the little remaining money by attracting bitcoin companies , who will spoil us soon anyway.

By: loctite

loctite — Mon, 28 Jan 2019 16:31:39 +0000

Fortunately, you don’t need electricity to grow bananas, which is where this island is headed.

By: sandgrownan

sandgrownan — Mon, 28 Jan 2019 16:27:55 +0000

It’s not a public company. It’s a private company that’s publically traded. Pedantic, I know, but it’s an important distinction.

What mustn’t happen though, is that it becomes truly public, i.e. state owned. That’s a recipe for mismanagement, low accountability and turning it into a “welfare state”.

By: Zzzz

Zzzz — Mon, 28 Jan 2019 15:49:26 +0000

Why would it be necessary for public company to sell it’s self? The share holders have liquidity. Must be something in it for the management.

By: sandgrownan

sandgrownan — Mon, 28 Jan 2019 15:48:32 +0000

ah…yes, of course, he who couldn’t be CEO…

By: red rose

red rose — Mon, 28 Jan 2019 15:42:18 +0000

Is the speaker of the house still involved with the other group that was sniffing around belco last year?

By: Potential Buyer

Potential Buyer — Mon, 28 Jan 2019 15:31:11 +0000

NO GOVERNMENT BUY OUT> GAWD NO.

By: DeOnion

DeOnion — Mon, 28 Jan 2019 15:24:54 +0000

What about their other companies like aircare? Are they up for sale to?

By: dondererd

dondererd — Mon, 28 Jan 2019 15:23:05 +0000

Oh dear God, no! please!

By: Family Man

Family Man — Mon, 28 Jan 2019 15:16:31 +0000

It seems the new appointment at the regulatory authority is already having an effect.

By: JIGGSBDA

JIGGSBDA — Mon, 28 Jan 2019 15:14:21 +0000

That would be a disaster

By: inna

inna — Mon, 28 Jan 2019 14:52:29 +0000

Government buy-out??