Will 2010 Be the Year of the Strong Grid? Part III
Tom Konrad (AltEnergyStocks) submits:
In part I of this series, I made the case that 2010 might be the year that transmission stocks caught investors’ attention, as smart grid stocks did in 2009. In part II, I looked at the transmission stocks in our Electric Grid stock list, and compared their financial strength.
My initial screen, based on Current ratio, Cash on Hand, Debt, Cash from Operations, P/E ratio, and dividend yeild allowed me to narrow the list down to Valmont Industries (VMI), Jinpan International (JST), General Cable (BGC), MasTec (MTZ), and Wesco International (WCC) as stocks worth further research. I’m not buying any of these now, because I believe the market as a whole can nosedive at any time. It could also keep trending up for a while, but, on the whole, the possible upside gains do not seem sufficient compensation for the downside risks.
Investing, Long Term Investment, stock market | admin February 12, 2010
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