Lorne Steinberg Consolidated Edison Holdings ED-N SELL Jul 02, 2013

All of the US electrical utilities did very well as interest rates were going down. None are growers and neither is ED. If you are a long term investor and want the dividend only, okay, otherwise exit.

Lorne Steinberg

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$57.560

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Utilities

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DON'T BUY

Thinks that ultimately interest rates on bonds are going up and will be staying up. This is an income stock, not a growth stock.

COMMENT

Pays a 4.3% yield but shares are well off its high. It's okay, but he prefers AEP.

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Lorne Steinberg Consolidated Edison Holdings ED-N SELL Jul 02, 2013

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Consolidated Edison Holdings(ED-N)

Consolidated Edison Holdings(ED-N)

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