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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (11249)10/10/2000 6:14:40 PM
From: Paul Senior  Read Replies (2) of 78615
 
Grommit, here are the utilities which I've bought:

finance.yahoo.com

A positive (for me) is that EIX has been purchased by Warren Buffett at higher prices than now (it is reported).
A negative is that since his purchase an EIX subsidiary (that supplies energy in Southern California) has had to purchase power from outside companies to the tune of at least $1B (it's more - I don't have the figures), and the state gov't regulators are saying that the company should not charge back this expense to rate payers (i.e. the stockholders might be forced to eat the expense).
I've been adding to my position.

NOR is involved in several businesses. Very aggressive in increasing sales (BUT lots of debt too.). Dividends, eps are increasing. Low p/sales. Stock's near a low for past couple of years. Might work out for a "Mom's" account (assuming Mom is diversified with her stock investments and will hold NOR for 18 months or more and be happy meanwhile with the dividend and maybe its possible increase.)

LNT - another one with many businesses. Increasing sales, fluctuating earnings, lots of debt. Little too expensive to buy right now, imo.

Paul
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