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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (14590)6/8/2002 6:35:04 PM
From: Grommit  Read Replies (3) of 78748
 
CMO - The yield is too high to be sustainable, of course, and these guys have more knowledge of the situation than you or I do. So I will let them be my guide:
biz.yahoo.com

However, I've also been a yield pig for the past 2 years. But I do not hate to admit it. First in traditional REITs, then in other high yielding securities. Stocks like ALD, various preferred shares, and even a few utilities.

On utilities, if you're interested, I owned LNT earlier in the year and just bought it back on Friday. There were/are (?) a few issues on allowable rate increases but at this price I think it's factored in. I'll take a 7.7% yield that looks sustainable, insiders are buying, and the stock has 15% to 20% upside according to my sometimes defective crystal ball.

quote.yahoo.com
biz.yahoo.com

I also especially like ATG among other utilities.

biz.yahoo.com
quote.yahoo.com

grommit

PS Paul, I joined you in a good LAF on friday. (I used to own it in 2000-2001.)
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