Friday, May 28, 2010
Allegheny Energy 401k (ESOSP) PSDS Scan 12-31-2009
This plan company stock AYE had a bad 2009 on top of a very bad 2008 and that reduced the 5yr stock APR to 4.4%. The Balanced portfolio reduced its investment in AYE to 0.9% of the portfolio holdings. The employee portfolio had AYE as its largest holding. A year over year comparison of scan images shows more funds in the 3D scan but it is still a lifeboat portfolio. The company and FirstEnergy are in the process of merging and after the merger company stock in the 401k plan is likely to be FE as I read the press releases.
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