This sentiment is hurting everything from the producers who mine the commodity to the power producers who use coal as a fuel. TransAlta Corporation (TSX:TA)(NYSE:TAC) has been perhaps the hardest hit out of all the power producers as a result.
Once in a while the market serves up an opportunity for savvy investors to buy a solid dividend stock at a very attractive price. Here are the reasons why I think contrarian investors should consider TransAlta Corporation (TSX:TA) (NYSE:TAC) right now.
It has been a tough year for investors in electric utility TransAlta Corporation (TSX:TA)(NYSE:TAC). Its share price has plunged by 53% since the start of January as the company is facing a range of headwinds.