George Fisher
Utilities, industrials, newsletter provider, value

Piedmont Natural Gas: Safe Small Cap Utility For The Next Market Meltdown

Small-cap Piedmont Natural Gas (NYSE:PNY) offers investors a very conservative means of diversifying into the natural gas utility sub-sector. While not particularly exciting, PNY offers a steady return over time through both expanding dividends and earnings.

The true benefit of owning PNY may not become apparent until the next market meltdown. In reviewing performance charts from the last financial crisis, it becomes obvious that PNY withstood the battering that took many stocks to decade-low pricing. PNY helped investors maintain portfolio value because it did not participate in the 50% drop of the S&P 500 in 2008 and early 2009. Preserving capital during a market decline is paramount to all investors, and PNY has a history of excelling in...

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