joyboy

Electric Utilities: Thus Far a Relative Safe Haven

Some years ago, when I used a broker, they suggested that I sell Entergy since it did not measure up to their analysts projection for 25.00 a share. I didn't take their advice. It is presently in the 80's. It was over 100 bucks and has since taken a good hit. GXP is another one I hold. It has it's ups and downs and is presently paying a 8.70 dividend yield. One thing about it, if the consumer can not or will not pay their bill, their power will be shut off, thus keeping the utility company from constantly loosing money. For the past 20 some odd years, I have found utilities a good investment. Whenever inflation comes back again it would then be a good idea to reconsider utilities since it is pretty much a fixed rate.