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Take a look at Con Ed
Old 07-23-2007, 07:03 AM   #1
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Take a look at Con Ed

After that steam pipe explosion in Manhattan I took a look at ED. Near 1 year low and a 5% divvy.

If ED didn't cause the explosion, the city will have to foot the bill to repair the damage. I think NYC owns those pipes.
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Old 07-23-2007, 08:05 AM   #2
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I keep ED on a tracking list with some other high yielding stocks, but its earnings and dividends (and share price) have basically been flat for 10 years now, so if you buy it there's a good chance you're getting your 5% yield and little else. The dividend doesn't even keep up with inflation.

Utilities would be great investments if they didn't have to get government approval for price increases and weren't so capital intensive. I keep looking at them but I haven't found one I like yet -- so much debt and regulation. The few that are growing (that I have looked at anyway) sport anemic yields and trade at rich valuations.
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Old 07-31-2007, 04:06 AM   #3
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I bought the stock in March of 2003. My annualized total return, according to Quicken, is 8.8% as of yesterday's close.
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Old 08-03-2007, 07:02 AM   #4
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I'd have to yank the paperwork out of my last DRIP file cabinet - owned Con Ed since sometime in the 90's.

heh heh heh - yawn!
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ED is Our Friend
Old 08-12-2007, 07:06 PM   #5
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ED is Our Friend

Utilities... Did somebody say utilities? We love utilities and will continue to buy more. Old fashioned? Yes. Boring? Yes. Dividends? YES! Love those dividends!

We have Con Ed and will buy more when we have some extra cash.
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