MDU Presentation, April 2011, IPAA Conference
MDU Presentation, October 2010
MDU: 2Q, 2010, Earnings Conference Call Transcript, August 3, 2010
NEWS
April 6, 2010: SeekingAlpha -- revisiting the pros and cons of splitting up MDU.
September 25, 2010: Time to buy MDU? Yup.
June 22, 2010: MDU and Otter Tail will get paid for power plant built, never used.
April 30, 2010: first quarter, 2010, results.
February 4, 2010: this has nothing to do with Fidelity, but it does have to do with MDU, its parent company. This is a reminder that MDU is in the gravel business, also.
February 1, 2010: 2009 earnings down from year before (a 32%% decline) and guidance for further decrease in 2010. MDU did report record cash flow and did increase dividend.
January 18, 2010: Although the coal-powered Big Stone II power plant won't be built, MDU reserved the rights to the transmission lines that would have carried this electricity into Minnesota. Last week, T. Boone Pickens, who has given up on his 667-turbine wind farm in Texas due to transmission line problems, stated he will move his 667 turbines "to the north." The article stated "the north" meant Canada and Minnesota, but North Dakota would obviously become part of the discussions.
November 2, 2009: Coal-fired, 500-600 MW power plant at Milbank, SD, Big Stone II, won't be built. With all the uncertainty coming out of Washington this should be good news for MDU investors, but bad news for Minnesota utility customers who will be paying higher bills in the future. Coal is still the least expensive source of energy; cap and trade will be managed with "in-house" subsidiaries.
October 30, 2009: Drill down into their numbers. MDU looks really good following their 3rd quarter earnings report. [Update: well, maybe not so good. A 32% decline in earnings in 4Q, 2009. Posted February 4, 2010.]
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