We are still 35% off the 52 week high, earnings keep rising and they will probably raise the dividend again. Why would you not own this stock. The worst recession since the depression and this stock continues to outperform. Selling at 2 times book value. No Brainer!
Just gotta be patient. FPL will gorge itself on the obama alternative energy giveaways.
FPL is a buy, reinvest divis until you need the cash flow and forget it. The regulated utility will always make a decent (inflation-beating) return on equity because the regulators will allow rates to do so. The unregulated alternate energy portion is where above utility average growth will come from.
I'm with you on this one. I bought in around 34, kept buying on every dip until about 49 and have been holding waiting for the breakout. I don't see why people wouldn't own this one for the long term...