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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (2533)	5/10/2024 7:02:46 PM
From: macbolan	Respond to of 21951

Thanks, SO is our 4th largest position after NEE, DUK, and AEP. Got 'bama covered.

To: chowder who wrote (2533)	5/10/2024 9:12:47 PM
From: HC Builder	Read Replies (1) \| Respond to of 21951

I own SO in addition to AEP, DUK, NÉE, WEC and EVRG

To: chowder who wrote (2533)	5/10/2024 11:33:44 PM
From: Jacob Marley	3 Recommendations Recommended By chowder dan1944 Markbn Respond to of 21951

. SO and SR are a couple of my utilities that have operations in Alabama. My brother worked with SO as a manager and got me my first summer job (which was actually working for Georgia Power) paying the ridiculous amount of I think $3.97 an hour. Well that was 1976. In 1977, my brother-in-law convinced me to borrow student loan money that I didn't need at 7% and invest it in SO yielding 11 or 12%. My first venture in banking. I have kept adding to SO over the years and it's probably my #4 utility in dollar amounts. Larger are EVRG, UTG, and NEE. SR is about half the size of my SO position. It hasn't done much on price but it has grown its dividend over 5% . I inherited it and just never got rid of it. I haven't grown it because I have put money into the others instead. Alabama has never grown like Georgia---or Florida. Some of that may be political baggage from the 1950s and 1960s. Atlanta got the airport---not Birmingham. But .....automotive is booming. Toyota, Mercedes, Hyundai. And the Gulf coast ---Baldwin and Mobile Counties --is doing gangbusters. Baldwin has totally transformed from a mostly rural county in the early 1970s to now heavily suburban and touristy. As Florida as become unaffordable, Baldwin seems to be an alternative. The beaches were nice old beach houses when I grew up in the 1960s and 1970s. Now it is high rise condos. With growth pains. Mobile has Airbus . Mobile , Montgomery, and Birmingham are all troubled cities with crime problems though too. But with that comes growing populations in adjacent counties as the demographics shift. Autauga County, Elmore County, Shelby--all the counties adjacent to the larger cities are growing rapidly. Increasing electricity use. All in all, I have to believe it will be a steady growth but nothing stellar for SO. While it does have nuclear risk, it also should know how to run them since they have a long track record. The biggest worry is they will come up with some other risky construction project that has unknown risk. I hope with Kemper and Vogtle they would be more cautious but???