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Jeff Paul
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Jeff Paul has been investing since his teen years, though his professional career has been in software engineering and education. His math classes participated in online stock market challenges, providing an opportunity to share his enthusiasm for investing with his students and the chance for... More
  • NV Energy Bought By Buffett - Replaced With SCANA In HYLP Model Portfolio 6 comments
    May 30, 2013 9:33 PM | about stocks: NVE, SCG

    Thanks to Warren Buffett buying NV Energy (NYSE:NVE), the HYLP model bagged a quick 20%+ profit. The stock was sold to lock in the gain, and redeployed by purchasing SCANA Corp (NYSE:SCG) which has a 4% yield.

    seekingalpha.com/article/1258791-a-high-...-2013

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: NVE, SCG
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  • kolpin
    , contributor
    Comments (1357) | Send Message
     
    jeff--how did you decide which utility to replace NVE with?
    30 May 2013, 10:46 PM Reply Like
  • Jeff Paul
    , contributor
    Comments (1258) | Send Message
     
    Author’s reply » Under the scoring system that I used for the HYLP portfolio, SCG was the next highest utility. Others with close scores were NEE and PPL. NEE has run up and has a lower yield (disclosure: I own shares of it). I've been debating selling it and swapping for another utility. AVA looks interesting and is in a couple of the models.
    31 May 2013, 01:07 AM Reply Like
  • kolpin
    , contributor
    Comments (1357) | Send Message
     
    Thanks! Ive been hoping to add some utilities to my portfolio, and accidentally bought NEE the other week on an old limit order I set last fall, during an AM flash crash. Hopefully there will be more happy accidents soon! Do you find SCG to be fairly valued right now?
    31 May 2013, 08:49 AM Reply Like
  • Jeff Paul
    , contributor
    Comments (1258) | Send Message
     
    Author’s reply » Well, compared to NEE and SRE, it's PE is lower, yield is higher and they all have similar projected earnings growth rates. So based on those numbers, it seems like a better value at the moment.
    31 May 2013, 08:21 PM Reply Like
  • Patrick J. Mc Mahon
    , contributor
    Comments (197) | Send Message
     
    Just adding as a neophyte Chowder I always enjoyed your comments and now after reading your little interlude I know why, I like your common sense approach keep up the good work, We need a voice like yours crying out the present fiscal darkness cordially,
    31 May 2013, 03:47 PM Reply Like
  • maybenot
    , contributor
    Comments (5987) | Send Message
     
    Nice one Jeff -- thanks for sharing.

     

    SCG is a good one for a ute.
    1 Jun 2013, 12:25 PM Reply Like
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