RE:RE:RE:Deeply oversoldjohnathamilton wrote: Anyone arguing rising rates are a fundamental reason for the price drop are not looking to the past year.
A year ago rates were higher as was the share price. While the change in the rates is cause for less enthusiasm over utilities, I think year over year comparisons show that this stock should be trading much higher.
However, I have learned a long time ago, that as smart as I think I am, or perceptive, the quickest way to go broke is the fight the market.
Wait until it turns then buy in. Better to lose a few "opportunity" dollars, than to catch the proverbial falling knife.
Utility stocks aren't dropping because of rising interest rates but rather the fear of higher inflation and rising rates down the road. I think these fears are ill founded myself, but they are out there nonetheless.