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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (38132)	10/29/2010 3:42:38 PM
From: E_K_S	Read Replies (1) \| Respond to of 78744

Re: Laclede Group Inc. (LG) - Hedged my long position with December $35 covered calls. LG is my largest remaining holding of my NG service companies. PE is getting high, dividend yield is not that compelling and better opportunities may be had in December. finance.yahoo.com Looking to have the stock called away. I have peeled off shares from the others (except WMB) in the group taking about 30% off the table. YTD returns w/ dividends have averaged 18% to 39% (NI & SE being the best performers). I have actually added shares to my WMB position recently as they have NG gathering systems that are valuable that generate steady and growing income for the company. Many of my hybrid utilities w/ NG storage & transportation and/or E&P subsidiaries have reported good earnings. Except for MDU, the group continues to edge higher (up 17%-34% YTD) and pay better than money market yields. finance.yahoo.com Will continue to hold these but will begin to peel off shares of those that have lower than average dividend yields and/or higher forward PEs. The exception is MDU which is my conservative E&P stock. They have interests in the Niobrara oil shale region (88K acres) and 67K net acres in the Bakken oil basin (Heart River area). On any further sell off, I may take some proceeds from the above sales and buy more MDU below $19.00/share. EKS