David Kiefer
David Kiefer
business cash concerns defensive demand exposed generation high piece power stable supply yields
Because of their high yields and stable cash flows, utilities are defensive stocks. But with deregulation, part of the business -- the power generation piece -- is exposed to supply and demand concerns where it wasn't before.
believe buy closely companies follow generation gotten individual industry investors manager money point side sound stocks utility
We've gotten to the point now where these companies are well positioned in the generation side to make money, but you're going to have to follow the industry closely to know which ones and when to get out of them. It may sound self-serving, but I really believe that investors should probably not buy individual utility stocks and let a professional money manager do it for them.
companies cost generate growth less margin price production revenue trying
We're trying to find exploration and production companies with production growth, but production growth that they can generate at a cost that's less than the price of the commodity. Then you get revenue growth and margin growth.
screaming stocks
The stocks are practically screaming at you to buy.
almost buy darts parents throw
You can't throw darts anymore. Our parents could buy utilities and it was almost clipping coupons on a bond. Now, there's much more involved.