For a utility like this the growth prospects are linked to the area it serves. With automotive market roaring back and industrial cities leading the recovery I expect FE will do well. Over the past couple of decades the southern "fast growth" cities (Phoenix, Atlanta, etc) have fared better. These states and cities still have stronger economic progrowth strategies, but don't overlook the infrastructure that exists in some of the industrial belt. If industry leads the recovery this is a whole new paradigm for greography growth and economic opportunities in 2010 and beyond.
Agreed. Believe this company and sector are being weighed down by treasury yields rising. Good thing though money is flowing out of treasuries and into equities with higher yields and more growth. Don't know how much growth we'll see and don't really care. I will be content with 6.2% here BUT, just don't want to see it drop more. I truly believe the time to buy is 35-36. Obviously 39+ was the time to sell not now. Don't think my 38 by Dec 25-30 will come in though. Good luck.
Also, unlike much of the residential and commercial building power growth throughout the south in the last couple of decades this is growth in areas with existing under utilized electrical infrastructure. Translation: the power lines are already run to the industrial parks. The factory owners are just fliping the light switch to 'on'. Presto, more revenue for the utilities.