Always great to hear from a lifer. The utility sector has been dumped on as rate fears creep back into the market. But with your cost basis do price swings really matter?
ED is like an annuity. Its lifetime income to supplement other sources. I try not to fret losing 6 points in a few trading days although I'd certainly prefer the opposite.
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max pain for 4/15 looks 75/sh......
ed taking some hits via poor press....but yet it still rises..... im thinkin i did not pay the analysts for their opinions so they are not giving me the same advice as they give their paying clientele.
I am an old codger who owned ED for both of these splits. I event have the WSJ article announcing the 1989 split in my stock book. I got some share in 1974 with a $ 6.88 cost but gave it to a charity before the 1989 split. Will see what happens. I'd rather see the dividend keep going up.
Good luck to all longs.
worldwide terrorist bombings........ money flows into "safe" low risk" us utilities that pay high divy and are low risk movers. this ED should hit $80sh soon then move up from there towards last half 2016
FED last week announced it will reduce the rate of interest rate increases (if any) going forward .......ex usa has NEGATIVE int rates......... nuff said.......money gotta flow into us utilities
money w flow from usa and ex usa investors.... p/e ratio will go higher here..... divy shall keep rising.... ed should get govt approval to raise prices
They could certainly do a 3-2 but that wouldn't get us below $40/share. If the goal is attracting a new group of small retail investors, why not go 2-1 and be done with it.
We need Albany politicans to the approve rate hikes and infrastructure spending that is essential to our company's business model. ED shareholders act as unpaid lobbyists in every area of New York City and State.
We constantly whisper in our legislators' ear: "What's good for ED is good for the public"
Our last one was literally last century. The management likes a broad retail stockholder profile which is more suited with a lower share price. We haven't seen mid 30's since 2008-09 crash. It'll be nice to revisit with double the shares.