looks like we are in same two stocks.. for basically same reasons.. Have you checked out gxp???
I don't check this board much since my largest position is in HE.. but a little geographical diversification never hurts..
Also a covered call write strategy on MO works out to about 30% including dividends if you write 1.50 out of the money for 30 days. I put a stop loss 1.5 below price of stock when I write. I hope for no gap. I wold buy back calls if stopped out of stock. Too bad no options on he or ede
jprp9: HE is my largest utility holding also. EDE is my second largest. I do not buy MO because of the tobacco angle (litigation and against smoking in general). I do not own GXP, but I appreciate the heads up. I will look into it. Thanks!