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Investing Topics: Value Investing

Utilities: Treat Them Like Stocks

By Roger S. Conrad on Sep. 6, 2013

Utilities pay some of the safest and highest dividends on Wall Street. But they’re stocks, not substitute investments for bonds.

Those who’ve tried to treat them like bonds have consistently underestimated their returns in bull markets, as well as downside in bear markets. Similarly, those who’ve bought when interest rates were falling and sold when rates have risen have routinely paid too much and sold too cheaply. And occasionally as in 2008, they’ve had their heads handed to them.

09/04/13: Why I’m Taking Verizon’s $130 Billion Bet

By Roger S. Conrad on Sep. 4, 2013

It’s been mere days since Verizon Communications (NYSE: VZ) announced it will buy Vodafone PLC’s (London: VOD, NYSE: VOD) 45 percent stake in Verizon Wireless. And scores of articles and opinions have already been posted.

That’s understandable. At roughly $130 billion, only Vodafone’s takeover of Mannesmann and AOL’s (NYSE: AOL) purchase of Time Warner (NYSE:TWX) rank larger in dollars. And both of those deals went off at the inflated valuations of the 1999-2000 generational top for technology and telecom.

Consolidated Communications

By Roger S. Conrad on Aug. 30, 2013

It’s practically an article of faith among short sellers that betting against wireline phone companies is close to a sure thing.

That’s likely to prove disastrous, however, in the case of Consolidated Communications (NSDQ: CNSL), the only company in the sector not to cut its original dividend.

Southern Company

By Roger S. Conrad on Aug. 30, 2013

Southern Company (NYSE: SO) currently sits near a new 52-week low. The reason: A combination of investor worries about rising interest rates and concern about its substantial capital spending program.

Bond Bargains and Booby Traps

By Roger S. Conrad on Jul. 15, 2013

Utilities and essential services stocks are known for their long-run stability—both all-weather business strength and low share price volatility. But even they pale before the unmatched reliability of utility bonds.

Southern Exposure

By Roger S. Conrad on Jul. 5, 2013

The recent pullback in shares of Southern Company (NYSE: SO) represents a buying opportunity.

Moving Forward: A Q&A with Roger Conrad

By Roger S. Conrad on Jun. 23, 2013

I had a chance to sit down with Conrad’s Utility Investor Managing Editor Gregg Early and we had a wide-ranging conversation about some of the big issues in the essential services industry today as well some of the hot topics of the day.

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ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b