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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 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 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.

34.110.00(0.00%)Sep 28 4:02 PMEDT