Stoex

Why I Sold the Utility Stocks in My Portfolio

This article is akin to saying oil is going to stay at 40 bucks. Or we should not be building fuel efficient cars because oil is NOW cheap.

The fact is the underlying utility industry has dramatically aged and is no shape for future demands (ex the current slow down). The grid is chaotic and there are pockets of smaller utilities.

If we as a nation are to conquer our energy appetite, the utility industry will have to recapitalize its efforts and that will require investor incentives.

Stay for the long haul. Buy what is demanded.