Bears

By now, it should be no secret to anyone that the stock market has been on a nice run of late. Moreover, this Bull Run has conjured up a lot of discussions that might lead one to believe that stocks in general are overvalued.  There are even some that want to play the bubble card because they argue that the S&P 500 and/or the Dow Jones Industrial Average are both approaching all-time highs. However, I believe these extremists are confusing value with price. […]

We often write about valuation because we believe it is one of the most misunderstood aspects of investing in common stocks.  This causes many people to hold what we consider to be unjustified biases that are based primarily on price action. In this article we’ll cover some of these equities relative to the potential long-term growth the business is capable of achieving. […]

As we stated in previous installments, the utility sector is experiencing a lot of change. With growth long inhibited by regulators, utilities throughout the country have been looking for ways to diversify their businesses and/or develop new markets. This final installment will review utility stocks located in the Eastern region of the United States. […]

This is the third in my series on investing in utility stocks based on the sector’s current valuation levels. The series was initially inspired by concerns that utility stocks may be overvalued because they had recently performed very well. Utilities have since fallen into fifth place with year-to-date performance of only 3.8%, which could be an indication that utilities are reaching full value. […]

Recently, I’ve come across several discussions by dividend growth investors as to whether the utility sector is overvalued or not today.  Therefore, I decided to look into the sector’s relative valuation as a whole to see what I could find. The only way to efficiently conduct this kind of research is to rely on a broad statistical array utilizing traditional valuation metrics. […]