The price was low due to Sandy Storm. The dividend was over 4 %. Their storm costs will be high but temporary. In the future (couple of years) they'll get most of their customers back plus many oil customers.
SuperStorm Sandy was a bummer; but when you are in the utility business, you purchase INSURANCE that covers natural disasters. Have only read management's opinion that the hit from Sandy could be "material;" nothing further and certainly no details. Anybody know NJR's insurance coverage for Sandy?
We are keyboarding about a utility here. Overlook the solar and wind GREEN propaganda. What will customers use for power? Oil? Nuclear? Or natural gas? Commercial power users and homeowners alike should stay with NJR. The public utility regulator in New Jersey is sympathetic to NJR, too. All IMHO.