It is because the Feds have kept the interest rates so low for so long that it has become the only place to put your money in to make any. Where else are you going to put your money in? In CD's, Money Markets, in an Bank account? The stock market is the only game in town. This is not going to end every well. I am keeping my money on the side lines for now. IF the market has a BIG correction, then and only then will I jump back into this market. MGEE is a very good stock, but at this price, it is over valued.
I have a question for anyone out there. I have been thinking about buying into this company thru the direct purchase plan. It was stated in that the dividends are not subject to the federal tax. Is this correct and how does it work?
I just wish this stock would and go to $33.00 a share. I would then load up on it. So let the split begin.