Jim Michaels, of Forbes, said on Fox this morning that he thinks D is an excellent pick at this time. They are growing earnings by 5-7% annually and are raising their dividend. He thinks its the best managed utility in the US. I note that Value Line does not view D as a timely purchase at this time but recognizes the increasing dividend and the growing earnings. Looks like a good pick for a conservative, income oriented portfolio in my view.
I heard Jim Michaels too. Is there anybody outthere who could help walk me through evaluating this stock for a potential captial apprication as well as income. Except for the time period after 9/11 it seems to be trading around the same levels for the last few years.Thanks
I've lived in Virginia and NC my whole life and have had my electric service with Dominion forever. Here is a 20 year chart which shows that if you had purchased 100 shares of D in 1984 at around $15 you would now have 150 shares of D at around $65. Meanwhile you would have been picking up the dividend all those years. Even if you had only had it for the last 10 years you'ld still have a double. The only part of the chart that is disturbing is the huge drop in 2002 which I think was Enron related group think. http://quotes.fool.com/custom/fool/html-chart.asp?osymb=d&osymbols=d&symbols=d&currticker=D&time=all&uf=1024&compidx=aaaaa%7E0&ma=0&symb=d&freq=1mo&lf=1&comp=&type=2&sid=166096
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