The very pragmatic, fiscally sensible government led by very serious experienced businessman John Key has announced it will extend interest free loans to investors in Meridian Energy for 40% of the share value. Because giving people interest free loans to buy your own dividend returning assets off you is how things are done in the real world.
If you take a look at the share price for Mighty River Power you can see why they’ve come to this:
This also seems like a good time to revisit John Roughan’s column urging the Herald’s readers to buy these shares:
Investors in Mighty River Power should send the champagne next week to Russel Norman, Green Party, Parliament Buildings, Wellington.
The stock looked a good buy even before he talked the Labour Party into threatening price control on electricity. It looks an even better one now.
I hope Roughan put his money where his idiot mouth is and invested heavily.