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Strategies & Market Trends : Value Investing
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To: Grommit who wrote (36641)5/7/2010 1:38:04 PM
From: E_K_S  Read Replies (2) of 78667
 
RE: Atmos Energy Corporation (ATO)

After waiting patiently for several months. I was finally able to get the price I wanted for ATO. My buy in price now gets me a dividend close to a 5% yield with some modest growth. Forward PE improving at 12. Yearly dividend increase every year going back eighteen years.

I like the NG storage assets that ATO has and their NG pipeline distribution network.

I plan to sell some or all of my Pepco Holdings, Inc. (POM) utility. I have a small profit from my previous buys and I can wait for my price of $17.00/share and still earn my 6% dividend. POM earnings release today was not that stellar with profits falling by $11M (down 20% from previous quarter). It was a miss by $0.02/share. Company had higher than normal expenses from two winter storms. This was seen as a one time event and the stock was upgraded to a buy by Suntrust Robinson.

I am modestly raising cash from my recent profitable buys as I can now find better companies at lower prices like ATO.

Dividends greater than 5% and low PE's (12PE or less) are my initial screens. I also have a focus on domestic companies as I do not want any surprises from a Greece or Spain default. The exception would be something like a Kimberly-Clark Corporation (KMB) that begins to look attractive to me for another add below $60/share.

EKS
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