A Venerable Institution
I am often attracted to businesses that have a long operating history, as I believe that if a business is able to thrive in the midst of past difficulties including depressions, world wars and natural disasters - there is a high chance that the business will be able to weather future uncertainties. The Laclede Group (LG) is one such business. One of the oldest listed companies on the NYSE, the Laclede group has been operating for over a century. It's main segment is a regulated utility that provides natural gas to customers in Missouri, while its non-regulated entity is engaged in marketing natural gas.
The Numbers on Laclede
Currently priced at $47.25 per share against $28.26 of...
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