Thinks that ultimately interest rates on bonds are going up and will be staying up. This is an income stock, not a growth stock.
Stock price when the opinion was issued
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.
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5i Research
Thinks that ultimately interest rates on bonds are going up and will be staying up. This is an income stock, not a growth stock.