as the economy grows and the population grows so will the the demand for utilitys. people allways need utilitys no matter whats going on in the economy. if the companys well managed keep it and collect your dividends. been investing this way for 30 years have done pretty well, taught by my uncle who was senior vice president of italian national bank back in the 80s
Sentiment: Strong Buy
I would agree if we did have a president who is trying everything in the world he can think of to screw the coal and natural gas business.The clown thinks can run the nation on his hot air
"people allways need utilitys no matter whats going on in the economy." Wow, Sparky. What a burst of insight.
"...taught by my uncle who was senior vice president of italian national bank..." Yeah, we've seen what they can teach us. LOL
and SO is better than many of the other electrical utilities because of the industries that are moving into the area. Industries are a 24/7 user so they can use the off-peak load, meaning the power plants will be better utilized, increasing the return on our investment.
Will the last ones to leave Detroit please turn off the lights AND Detroit Edison?
Good idea, but GPE.PR.A has already passed the first call date (2009, par at $25), low volume (2-3K shares per day, selling at preium of +$28/share & next EX date is 6/13/2013. A better choice is DUKH (Duke preffered), pays 5.1%, selling at $25.15, first call on 1/15/2018 @ par ($25/share), volume agound 90K, next EX date 4/10/2013.....PS.....all preferreds have call dates...a first call and then a mandtory call. Reards Al
I bought my shares back when it was selling for about $35 and reinvested the dividends. My return is over 6%. I can live off of the dividends and leave the stock to my grandchildren. Let them complain about the share prices not climbing, I will be dead by then and it won't matter.
When will that be ?
In the meantime, SO yields 4.4% and savings accounts yield less than 1%.
Worst case over the next 5 years we get no appreciation and just the dividend. Thats not bad.
Im looking for more like 7-12% total return over the long haul. 10+ years.
If the stock were to decline a bit, I would average down.