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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (36513)	2/9/2010 4:42:35 PM
From: E_K_S	Read Replies (2) of 78682

Upped my NISOURCE INC HLDG CO NYSE: NI) by 40%. Dividend yield now 6.3%. Forward PE 12.5 not too expensive. Their dividend payout ratio is 116% (according to Yahoo Finance) which is high but should fall when the approved 2010 rate increases take effect. NiSource Reports 2009 Earnings ir.nisource.com MERRILLVILLE, Ind., Feb 01, 2010 /PRNewswire via COMTEX News Network/ -- * Earnings results in line with guidance * Liquidity position strengthened * Financing needs addressed through 2011 * Core business initiatives advance * 2010 earnings guidance of $1.10-$1.20 per share From their report:"... Looking into 2010, Columbia Gas of Pennsylvania filed a base rate increase request on Jan. 28, with the Pennsylvania Public Utility Commission. In addition to proposing a new set of residential home energy efficiency programs and the implementation of a more progressive rate design, the company is seeking an increase in its base rates of approximately $32 million annually. New rates are expected to be placed into effect in the fourth quarter of 2010. # Northern Indiana Public Service Company (NIPSCO) also plans to file a natural gas rate case - the company's first since 1987 - as early as March of this year, with new rates anticipated to be effective in late 2010. ====================================================================== NI seems like a safe place to hide. I am looking for an eventual LT target of $20.00/share as their Gas Transmission and Storage Operations business segment should benefit from increased NG volumes . Earnings need to advance 32% to $1.50/share in the next 24-36 months. EKS

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