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Hawaiian Electric Industries Inc. Message Board

  • sabersaw99 sabersaw99 May 7, 2014 11:48 AM Flag

    More Reasons to invest in HE.....

    Besides powering the majority of the Hawaiian islands, Hawaiian Electric has large long-term services contracts in place with the many large U.S. military installations throughout the islands. In addition to the electric power generation business, the company also owns banking subsidiaries American Savings Bank and American Savings Holdings.
    Hawaiian Electric's numbers are compelling. Utilities are usually steady but low-growth businesses -- but Hawaiian Electric has averaged respectable growth of 8.5% in earnings per share (EPS) over the past four years. Compare this with Southern Co., whose earnings have actually shrunk by an average rate of 4% -- and yet investors are willing to pay a premium for Southern.

    Hawaiian Electric trades near $23.50, a 17% discount to its 52-week high and close to its tangible book value of $21.30 a share. This stock clearly offers utility investors much more value than better-known names.

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32.67-0.18(-0.55%)May 25 4:02 PMEDT