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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.
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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
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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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