The last time we had a real opportunity here, which is also when I loaded up on the business, was during last fall of 2022 when the company briefly went below 13x normalized P/E. The company teeters between a slight premium and sometimes trading at a discount. Now, I don't want to give you the impression that NGG is some sort of screaming, must-"BUY" rating here just because it's down a few percent. National Grid - Attractive again after a small drop, but only barely This article serves as an update - and a rating change for the company, which once again is in a position to be attractive here. It shows you once again why valuation is such a crucial consideration during times such as these, and why you want to make sure that you never really buy anything too expensively relative to what else you can get on the market in the same sector. I went "HOLD" in April, and the relevant returns since that time speak for themselves. My last article on the company was published in early April of this year, and I would say objectively that I've been able to pinpoint, for 2023, good points to "BUY" and good points to stop buying and go "HOLD". (Boston Globe)ĬLIMATE: Maine’s state climatologist says climate change is the main reason every season over the last century has seen more precipitation.National Grid ( NYSE: NGG) remains a qualitative utility with interesting exposures and a good and attractive future.
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