The utility business is fascinating and bizarre to me, and this can only mean I’m a hapless, pathetically boring person. But that is what it may look like to the uninformed. It’s like soccer, baseball, or Indy car racing. If you don’t like these games/sports, you just don’t get it. First off, from business and investor perspectives, utilities are not growth stocks, and they haven’t been for decades. Essentially, they are like US treasuries. I learned this in a 1989 personal finance class. Geezers invest in utilities for the steady dividend. Clearly, I wasn’t interested in a paltry 7% yield…
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