logicforliberty

Consolidated Edison: Stock Analysis

I suspect people in New York will continue to use electricity in the future and ED will continue to profit from its delivery. It will be a long time for ED to reach ten bagger status, but it's history of profitability, history of divend payouts, strong balance sheet and cash flow all point to a solid long term investment. The price drop is on spectulation that the cost of infrastructure and upgrades will cut into earnings margin. With the rate hike, that is no longer a concern for me. Additionally, the upgrades will enhance efficiency.