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Energy Utilities: Buy Exelon Corp. (EXC:NYSE)
Here’s a news story I bet you haven’t heard. It’s created a nearly catastrophic economic environment in one of our nation’s state capitals, but few folks are talking about it. Maybe it is because they are scared to raise the subject.
Just a few weeks ago, an avalanche took out Juneau, Alaska’s power supply. Nearly two miles of high-power transmission lines from a nearby hydroelectric plant were destroyed. It will take more than three months to fix the problem. Meanwhile, the entire city (including all the government offices, mind you) is forced to get its energy from a handful of huge…
16May2008 | Guest Contributor | Comments Off | ContinuedA High Dividend Utility Stock: TRP
In these uncertain times, it’s important to balance your portfolio with a good mix of high yielding stocks. I will avoid touching upon REITs and Financial stocks for the time being because I’m unsure as to whether the worst is over. I’m the kind of guy who’s not interested in pharmaceutical plays, such as Pfizer (PFE), since I highly doubt its 6.4% yield. Looks unsustainable to me, especially when you consider the fact that it has a payout ratio over 100%.
Then, I turned to the utility sector and found TransCanada (TRP). And let me tell you — it’s an attractive…
11May2008 | Guest Contributor | Comments Off | Continued
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