horowitzcpa's  Instablog

Send Message
Matthew Horowitz is a CPA based in the Mid-Atlantic area, working with businesses and individuals. Service oriented, with an emphasis on client planning services, quickbooks services, and all things tax. Away from the office, spends time on the tennis court. Has a nice rock music collection... More
My company:
Horowitz, CPA
  • Unitil's Electrifying Prospects 0 comments
    Sep 27, 2012 6:33 PM | about stocks: UTL

    We like the shares of Unitil at it's current price for the following reasons: The Northeastern U.S. has been a hotbed of utility merger activity with the likes of Central Vermont Public and CH Energy being acquired recently. We like Unitil's 5.03% yield which compares favorably with the higher-yielding utilities, but without the added risk. Third, while virtually all of Unitil's business is regulated, we have been favoring highly regulated utilities since before the fall of Enron. Unitil also has no nuclear facilities, which is another of our investment criterion. Recently Unitil's rate increase requests were granted, as expected. When doing your own due diligence, please note that the sharp decrease in UTL price was due to a secondary issue coming to market during mid-May. In summary, the company, while only posting flat revenues and a higher than average P.E. is poised to look stronger after the rate increases take effect -- also the mild spring weather during 2012 surely will not be repeated anytime soon. In summary, this is an accumulate-until-acquisition investment.

    Disclosure: I am long UTL.

    Stocks: UTL
Back To horowitzcpa's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $AVSS declares a .10 semi-annual dividend. New yield is 10%...
    Jul 8, 2015
  • AVSS declares a semi-annual dividend of .10. Annual yield now 10% based on today's closing price...
    Jul 8, 2015
  • $trow special dividend of $2.00 to be paid on April 23rd
    Apr 17, 2015
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.