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Northeast Utilities knows how to keep the lights on, recession or expansion

 Sep 09, 2009 10:00 PM UTC
Return Risk
+1.12% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
NU Positive 09/09/09 +1.14% 11/18/09

Graphic_arrow1 Via BloggingStocks:  

Filed under: Stocks to Buy

Rare is the day I'll sell an electric power generation play. I'm reiterating my Buy rating for Northeast Utilities (NYSE: NU), first recommended on May 6, 2009 at a price of $21.48.

NU's business model is low-risk -- its electric unit primarily serves customers (1.9 million in all) in land-of-steady-habits Connecticut, Western Massachusetts, and New Hampshire, and offers above-average total return, with only a modest downside risk. In this investing environment, that's impressive.

Continue reading Northeast Utilities knows how to keep the lights on, recession or expansion

Northeast Utilities knows how to keep the lights on, recession or expansion originally appeared on BloggingStocks on Wed, 09 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

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