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Investors starved for income should be wary of overpaying for yield, particularly when it comes...

Investors starved for income should be wary of overpaying for yield, particularly when it comes to utilities, Russ Koesterich of iShares warns. Utilities trade at a discount of ~25% on average to the S&P 500, but they're now trading at a premium of more than 8%. But National Grid (NGG) might be one utility stock that’s been beaten up enough to get long, Greg Harmon suggests.
Comments (1)
  • SanDiegoNonSurfer
    , contributor
    Comments (2567) | Send Message
     
    GAS is also reasonably priced. I'd buy it before I'd buy NGG.
    25 Jul 2012, 10:39 AM Reply Like
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