When I last wrote on international utility operator AES (AES),
a Seeking Alpha reader commented that the company reminded him of a
person who consistently tests at a genius level IQ, but never actually
amounts to anything in life. As a long-term holder of AES, that comment
cuts a little close to home, as there always seems to be to some
external excuse for what in retrospect has become a tradition of
under-performance. Although there is still potential for this company to
do better, you can go broke betting on potential in lieu of
performance.
Please continue here:
Can AES Get Out Of Its Parents' Basement?
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