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The Empire District Electric Company Message Board

  • datamatters2003 datamatters2003 Feb 21, 2007 11:59 AM Flag

    sector analysts positive for EDE

    EDE closed at 24.24 on 1/9/07, the date of my previous (bullish) post on EDE. That's been my only post. I started following EDE because of predictions for a hot summer, EDE's nice dividend compared with its sector, and difficulties facing other dividend paying industries such as Canadian royalty trusts. Since my post, EDE has risen more than 3.26%.

    I remain bullish on EDE. Some reasons:

    --The above three factors are still in place.

    --Sector analysts like utilities. Consider Paul Rabbitt at rabbittanalytics.com. He divides U.S. equities into 12 sectors. Utilities is rated the third best of the 12, with overweighting recommended of about 33.33%. Within utilities, Paul Rabbitt considers electric the best industry. Consider Roger Conrad of Conrad's Utilities Forecaster but interviewed 1/10/07 at www.marketwatch.com/news/story. He likes utilities for 2007. Consider Jeffries & Co., whose rating on EDE is accessible at Yahoo Finance under EDE "Star Analysts." Rates EDE a buy, and Jeffries & Co. according to an independent analyst rating service was the best analyst of EDE at the most recent Star evaluation. Jeffries & Co. updates its ratings on EDE frequently compared with other analysts. So it is a good sign that Jeffries & Co. has EDE at "buy."

    Having said all this, I believe you can still buy EDE below $25 through limit orders for quite some time. But, if I am correct on weather, you may wish to buy significantly before May. Disclosure: I have less than $6500 long in EDE.

 
EDE
25.34-0.16(-0.63%)Jul 25 4:00 PMEDT

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