| This report should not be construed as providing investment
advice. It is for educational purposes only.
Before making any investment decision, you should always do your own
research or consult a investment professional. |
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| While I try to
be accurate, I assume no responsibility for any figure in this spreadsheet. |
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| See my website
on stocks or see my blog at the following sites. |
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www.spbrunner.com/stocks.html |
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www.spbrunner.blogspot.com/ |
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| Emera Inc |
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www.emera.com/ |
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EMA |
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Fiscal Yr: |
Dec 31 |
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| Year |
12/31/99 |
12/31/00 |
12/31/01 |
12/31/02 |
12/31/03 |
12/31/04 |
12/31/05 |
12/31/06 |
12/31/07 |
12/31/08 |
12/31/09 |
12/31/10 |
12/31/11 |
12/30/12 |
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#Y |
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| Accting Rules |
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C GAAP |
USGAAP |
USGAAP |
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restated, but does not say so. |
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| Revenue* |
$816.6 |
$896.5 |
$1,003.9 |
$1,227.3 |
$1,321.3 |
$1,222.0 |
$1,168.0 |
$1,166.0 |
$1,339.5 |
$1,331.9 |
$1,465.5 |
$1,553.7 |
$1,600.0 |
$1,634.0 |
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73.31% |
<-Total Growth |
10 |
Revenue |
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| Increase |
5.63% |
9.78% |
11.98% |
22.25% |
7.66% |
-7.52% |
-4.42% |
-0.17% |
14.88% |
-0.57% |
10.03% |
6.02% |
2.98% |
2.13% |
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5.65% |
<-IRR #YR-> |
10 |
Revenue |
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| Rev per Share |
$9.38 |
$10.26 |
$10.24 |
$11.38 |
$12.20 |
$11.22 |
$10.61 |
$10.51 |
$12.02 |
$11.87 |
$12.97 |
$13.56 |
$13.96 |
$14.26 |
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5.87% |
<-IRR #YR-> |
5 |
Revenue |
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| P/S (Price/Sales) |
1.54 |
1.72 |
1.63 |
1.40 |
1.46 |
1.71 |
1.98 |
2.15 |
1.82 |
1.87 |
1.93 |
2.31 |
2.07 |
2.02 |
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2.82% |
<-IRR #YR-> |
10 |
Rev Per share |
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| Median |
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P/S |
10 yr |
1.85 |
5 yr |
1.93 |
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5.02% |
<-IRR #YR-> |
5 |
Rev Per share |
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| *Revenue in M
CDN $ |
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-$896.5 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$1,553.7 |
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-$1,168.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$1,553.7 |
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-$10.26 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$13.56 |
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-$10.61 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$13.56 |
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Yr 2011 |
Yr 2012 |
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| EPS* |
$1.16 |
$1.20 |
$1.20 |
$0.85 |
$1.15 |
$1.16 |
$1.09 |
$1.12 |
$1.32 |
$1.26 |
$1.52 |
$1.65 |
$1.79 |
$1.88 |
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37.50% |
<-Total Growth |
10 |
Earnings |
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| Increase |
17.17% |
3.45% |
0.00% |
-29.17% |
35.29% |
0.87% |
-6.03% |
2.75% |
17.86% |
-4.55% |
20.63% |
8.55% |
8.48% |
5.03% |
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3.24% |
<-IRR #YR-> |
10 |
Earnings |
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| Earnings Yield |
8.1% |
6.8% |
7.2% |
5.3% |
6.4% |
6.0% |
5.2% |
5.0% |
6.0% |
5.7% |
6.1% |
5.3% |
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8.65% |
<-IRR #YR-> |
5 |
Earnings |
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| * ESP per
share (Cdn GAAP) |
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E/P |
10 Yrs |
5.85% |
5Yrs |
5.68% |
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-$1.20 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.65 |
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-$1.09 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.65 |
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| Div* |
$0.83 |
$0.84 |
$0.85 |
$0.86 |
$0.86 |
$0.88 |
$0.89 |
$0.89 |
$0.90 |
$0.97 |
$1.03 |
$1.16 |
$1.30 |
$1.30 |
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38.39% |
<-Total Growth |
10 |
Dividends |
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| Increase |
1.22% |
1.20% |
1.19% |
1.18% |
0.00% |
2.33% |
1.14% |
0.00% |
1.12% |
7.22% |
6.74% |
12.86% |
11.83% |
0.00% |
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1.18% |
<-Median-> |
10 |
Dividends |
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| Yield H/L |
4.88% |
5.44% |
5.69% |
5.13% |
5.10% |
5.14% |
4.75% |
4.39% |
4.44% |
4.61% |
4.66% |
4.20% |
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4.71% |
<-Median-> |
10 |
Dividends |
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| Yield on Cl |
5.76% |
4.75% |
5.10% |
5.39% |
4.82% |
4.58% |
4.23% |
3.94% |
4.11% |
4.35% |
4.11% |
3.71% |
4.51% |
4.51% |
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4.29% |
<-Median-> |
10 |
Dividends |
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| Payout Ratio |
71.6% |
70.0% |
70.8% |
101.2% |
74.8% |
75.9% |
81.7% |
79.5% |
68.2% |
76.6% |
67.8% |
70.5% |
72.6% |
69.1% |
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75.32% |
<-Median-> |
10 |
Payout |
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| Payout Ratio CF |
32.3% |
35.3% |
57.4% |
35.9% |
38.9% |
31.5% |
59.6% |
28.6% |
28.5% |
45.7% |
38.4% |
32.0% |
41.8% |
38.5% |
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37.19% |
<-Median-> |
10 |
Payout |
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| Median 5 Yrs |
Div Yd |
5.22% |
in 5 yrs |
6.06% |
in 10 yrs |
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Yield |
4.44% |
4.11% |
Payout |
70.45% |
32.00% |
38.43% |
38.46% |
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3.30% |
<-IRR #YR-> |
10 |
Dividends |
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| * Dividends per
share |
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3.0% |
5 |
3.0% |
10 |
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Last Div Inc ---> |
$0.28 |
$0.33 |
15.0% |
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5.49% |
<-IRR #YR-> |
5 |
Dividends |
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-$0.84 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.16 |
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-$0.89 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.16 |
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| I am earning |
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# yrs are----> |
6 |
Pension |
$25.95 |
2005 |
5.01% |
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| H/LYield held 5 yrs |
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6.48% |
5.90% |
5.01% |
5.17% |
5.76% |
5.95% |
5.37% |
5.72% |
6.02% |
6.21% |
6.41% |
6.41% |
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5.83% |
<-Median-> |
10 |
Dividends |
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| H/LYield held 10 yrs |
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6.78% |
6.18% |
5.62% |
6.05% |
7.52% |
8.70% |
7.76% |
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6.18% |
<-Median-> |
5 |
Dividends |
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| Graham No. |
$16.81 |
$17.38 |
$18.04 |
$15.37 |
$17.71 |
$17.90 |
$17.25 |
$17.89 |
$19.03 |
$19.76 |
$21.33 |
$22.96 |
$24.60 |
$25.21 |
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Cl Pr higher/lower by? |
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Graham Price |
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| Prem /Disc. High |
14.82% |
2.97% |
-0.23% |
15.14% |
1.17% |
9.09% |
21.95% |
27.87% |
19.99% |
19.20% |
19.48% |
59.14% |
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19.34% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc.Med H/L |
1.29% |
-11.12% |
-17.13% |
8.96% |
-4.75% |
-4.42% |
8.51% |
13.36% |
6.49% |
6.02% |
3.57% |
20.52% |
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6.26% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc. Low |
-12.25% |
-25.22% |
-34.04% |
2.78% |
-10.68% |
-17.94% |
-4.94% |
-1.15% |
-7.01% |
-7.16% |
-12.34% |
-18.10% |
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-8.92% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc. Cl |
-14.33% |
1.82% |
-7.55% |
3.89% |
0.72% |
7.42% |
21.95% |
26.36% |
15.00% |
12.32% |
17.51% |
36.57% |
17.26% |
14.42% |
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13.66% |
<-Median-> |
10 |
Graham Price |
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| Price Cl |
$14.40 |
$17.70 |
$16.68 |
$15.97 |
$17.84 |
$19.23 |
$21.04 |
$22.60 |
$21.89 |
$22.20 |
$25.07 |
$31.35 |
$28.85 |
$28.85 |
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77.12% |
<-Total Growth |
10 |
Stock Price |
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| Increase |
-20.44% |
22.92% |
-5.76% |
-4.26% |
11.71% |
7.79% |
9.41% |
7.41% |
-3.14% |
1.42% |
12.93% |
25.05% |
-7.97% |
0.00% |
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5.88% |
<-IRR #YR-> |
10 |
Stock Price |
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| P/E |
12.41 |
14.75 |
13.90 |
18.79 |
15.51 |
16.58 |
19.30 |
20.18 |
16.58 |
17.62 |
16.49 |
19.00 |
16.12 |
15.35 |
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8.30% |
<-IRR #YR-> |
5 |
Stock Price |
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| Trailing P/E |
14.55 |
15.26 |
13.90 |
13.31 |
20.99 |
16.72 |
18.14 |
20.73 |
19.54 |
16.82 |
19.90 |
20.63 |
17.48 |
16.12 |
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9.98% |
<-IRR #YR-> |
10 |
Price & Div |
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| Median 5 Yrs |
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4.00% |
4.09% |
Div % |
5, 10 yrs |
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Price Inc |
7.41% |
P/E: Y-T |
17.62 |
19.90 |
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12.30% |
<-IRR #YR-> |
5 |
Price & Div |
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-$17.70 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$31.35 |
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-$21.04 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$31.35 |
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-$17.70 |
$0.85 |
$0.86 |
$0.86 |
$0.88 |
$0.89 |
$0.89 |
$0.90 |
$0.97 |
$1.03 |
$32.51 |
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-$21.04 |
$0.89 |
$0.90 |
$0.97 |
$1.03 |
$32.51 |
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| Price H/L Median |
$17.03 |
$15.45 |
$14.95 |
$16.75 |
$16.87 |
$17.11 |
$18.72 |
$20.28 |
$20.27 |
$20.96 |
$22.10 |
$27.67 |
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79.06% |
<-Total Growth |
10 |
Stock Price |
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| Increase |
-0.87% |
-9.25% |
-3.24% |
12.04% |
0.72% |
1.42% |
9.41% |
8.31% |
-0.02% |
3.38% |
5.44% |
25.21% |
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6.00% |
<-IRR #YR-> |
10 |
Stock Price |
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| P/E |
14.68 |
12.88 |
12.46 |
19.71 |
14.67 |
14.75 |
17.17 |
18.10 |
15.36 |
16.63 |
14.54 |
16.77 |
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8.12% |
<-IRR #YR-> |
5 |
Stock Price |
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| Trailing P/E |
17.20 |
13.32 |
12.46 |
13.96 |
19.85 |
14.88 |
16.14 |
18.60 |
18.10 |
15.88 |
17.54 |
18.20 |
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10.68% |
<-IRR #YR-> |
10 |
Price & Div |
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| Median 5 Yrs |
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4.51% |
4.68% |
Div % |
5, 10 yrs |
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Price Inc |
5.44% |
P/E: Y-T |
16.63 |
18.10 |
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12.63% |
<-IRR #YR-> |
5 |
Price & Div |
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-$15.45 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$27.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$18.72 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$27.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$15.45 |
$0.85 |
$0.86 |
$0.86 |
$0.88 |
$0.89 |
$0.89 |
$0.90 |
$0.97 |
$1.03 |
$28.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$18.72 |
$0.89 |
$0.90 |
$0.97 |
$1.03 |
$28.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hi Mths |
Jan |
Dec |
Oct |
Oct |
Nov |
Mar |
Dec |
Dec |
Jan |
Aug |
Dec |
Dec |
|
|
|
|
|
|
Stock Price |
|
|
|
|
|
|
|
|
| Price Hi |
$19.30 |
$17.90 |
$18.00 |
$17.70 |
$17.92 |
$19.53 |
$21.04 |
$22.87 |
$22.84 |
$23.56 |
$25.49 |
$36.53 |
|
|
|
104.08% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| Increase |
-3.98% |
-7.25% |
0.56% |
-1.67% |
1.24% |
8.98% |
7.73% |
8.70% |
-0.13% |
3.15% |
8.19% |
43.31% |
|
|
|
7.39% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| P/E |
16.64 |
14.92 |
15.00 |
20.82 |
15.58 |
16.84 |
19.30 |
20.42 |
17.30 |
18.70 |
16.77 |
22.14 |
|
|
|
11.67% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
| Trailing P/E |
19.49 |
15.43 |
15.00 |
14.75 |
21.08 |
16.98 |
18.14 |
20.98 |
20.39 |
17.85 |
20.23 |
24.03 |
|
|
|
|
|
|
Stock Price |
|
|
|
|
|
|
|
|
| Median 5 Yrs |
|
|
|
|
|
|
|
Price Inc |
8.19% |
P/E: Y-T |
18.70 |
20.39 |
|
|
|
|
|
|
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$17.90 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$36.53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$21.04 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$36.53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Low Mths |
Nov |
Mar |
Jul |
Dec |
Mar |
Jun |
Apr |
Jun |
Aug |
Oct |
Mar |
Jan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Low |
$14.75 |
$13.00 |
$11.90 |
$15.80 |
$15.82 |
$14.69 |
$16.40 |
$17.68 |
$17.70 |
$18.35 |
$18.70 |
$18.80 |
|
|
|
44.62% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| Increase |
3.51% |
-11.86% |
-8.46% |
32.77% |
0.13% |
-7.14% |
11.64% |
7.80% |
0.11% |
3.67% |
1.91% |
0.53% |
|
|
|
3.76% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| P/E |
12.72 |
10.83 |
9.92 |
18.59 |
13.76 |
12.66 |
15.05 |
15.79 |
13.41 |
14.56 |
12.30 |
11.39 |
|
|
|
2.77% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
| Trailing P/E |
14.90 |
11.21 |
9.92 |
13.17 |
18.61 |
12.77 |
14.14 |
16.22 |
15.80 |
13.90 |
14.84 |
12.37 |
|
|
|
|
|
|
Stock Price |
|
|
|
|
|
|
|
|
| Median 5 Yrs |
|
|
|
|
|
|
|
Price Inc |
1.91% |
P/E: Y-T |
13.41 |
14.84 |
|
|
|
|
|
|
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$13.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$18.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$16.40 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$18.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market Cap |
$1,254 |
$1,546 |
$1,635 |
$1,722 |
$1,931 |
$2,094 |
$2,317 |
$2,507 |
$2,440 |
$2,491 |
$2,832 |
$3,593 |
$3,307 |
$3,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| # of Sh in M |
87.05 |
87.35 |
98.00 |
107.80 |
108.26 |
108.87 |
110.10 |
110.93 |
111.47 |
112.21 |
112.98 |
114.62 |
114.62 |
114.62 |
|
|
|
|
Shares |
|
|
|
|
|
|
|
|
| Increase |
0.29% |
0.34% |
12.19% |
10.00% |
0.43% |
0.56% |
1.13% |
0.75% |
0.49% |
0.66% |
0.69% |
1.45% |
0.00% |
0.00% |
|
0.72% |
<-Median-> |
10 |
Shares |
|
|
|
|
|
|
|
|
| CF fr Op $M |
223.7 |
208.1 |
145.1 |
257.9 |
239.5 |
304.0 |
164.3 |
345.8 |
351.4 |
237.2 |
302.8 |
416.4 |
356.5 |
387.4 |
|
Covers Investing C.F. and dividends? |
Cash Flow |
|
|
|
|
|
|
|
|
| OPS |
$2.57 |
$2.38 |
$1.48 |
$2.39 |
$2.21 |
$2.79 |
$1.49 |
$3.12 |
$3.15 |
$2.11 |
$2.68 |
$3.63 |
$3.11 |
$3.38 |
|
52.49% |
<-Total Growth |
10 |
Cash Flow |
|
|
|
|
|
|
|
|
| Non-Cash CF |
$0.0 |
$23.0 |
$91.8 |
-$1.9 |
$0.0 |
-$7.6 |
$112.9 |
-$19.3 |
$7.3 |
$80.3 |
$28.5 |
-$80.3 |
|
|
|
4.31% |
<-IRR #YR-> |
10 |
Cash Flow |
|
|
|
|
|
|
|
|
| OPS non-cash |
$2.57 |
$2.65 |
$2.42 |
$2.37 |
$2.21 |
$2.72 |
$2.52 |
$2.94 |
$3.22 |
$2.83 |
$2.93 |
$2.93 |
$3.11 |
$3.38 |
|
19.48% |
<-IRR #YR-> |
5 |
Cash Flow |
|
|
|
|
|
|
|
|
| P/OCF on Close |
5.60 |
6.69 |
6.90 |
6.72 |
8.06 |
7.06 |
8.36 |
7.68 |
6.80 |
7.85 |
8.55 |
10.69 |
9.28 |
8.54 |
|
1.03% |
<-IRR #YR-> |
10 |
CF - non cash |
|
|
|
|
|
|
|
|
| Median |
|
|
|
|
|
|
|
P/CF |
10 yr |
7.76 |
5 yr |
7.85 |
|
|
|
3.10% |
<-IRR #YR-> |
5 |
CF - non cash |
|
|
|
|
|
|
|
|
| *Operational
Cash Flow per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.38 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$1.49 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.65 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.52 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OPM |
27.39% |
23.21% |
14.45% |
21.01% |
18.13% |
24.88% |
14.07% |
29.66% |
26.23% |
17.81% |
20.66% |
26.80% |
|
|
|
should be zero, it is a check
on calculations |
|
|
|
|
|
|
|
|
|
|
|
| Diff from Median |
31.5% |
11.4% |
-30.6% |
0.8% |
-13.0% |
19.4% |
-32.5% |
42.3% |
25.9% |
-14.5% |
-0.8% |
28.6% |
|
|
|
0.00 |
<-Median-> |
10 |
OPM |
|
|
|
|
|
|
|
|
| *Operational
Profit Margin (CF/Revenue) Ratio |
|
|
|
|
OPM |
10 Yrs |
20.84% |
5 Yrs |
26.23% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Curr Assets |
$151.70 |
$196.60 |
$334.40 |
$331.70 |
$297.20 |
$329.50 |
$391.50 |
$502.10 |
$570.00 |
$661.80 |
$721.60 |
$782.50 |
$951.60 |
|
|
Liq ratio of 1.5 and up, best |
|
Assets |
|
|
|
|
|
|
|
|
| Curr Liab. |
$464.70 |
$541.30 |
$938.90 |
$697.60 |
$505.90 |
$488.70 |
$506.40 |
$501.80 |
$585.80 |
$880.10 |
$810.10 |
$690.30 |
$896.50 |
|
|
0.76 |
<-Median-> |
10 |
Liabilities |
|
|
|
|
|
|
|
|
| Liquidity |
0.33 |
0.36 |
0.36 |
0.48 |
0.59 |
0.67 |
0.77 |
1.00 |
0.97 |
0.75 |
0.89 |
1.13 |
1.06 |
|
|
0.97 |
<-Median-> |
5 |
Ratio |
|
|
|
|
|
|
|
|
| Liq. with CF aft div |
0.65 |
0.61 |
0.42 |
0.71 |
0.88 |
1.10 |
0.90 |
1.49 |
1.40 |
0.90 |
1.12 |
1.54 |
1.29 |
|
|
1.40 |
<-Median-> |
5 |
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets |
$2,901.2 |
$2,951.0 |
$3,959.4 |
$3,907.9 |
$3,840.9 |
$3,941.7 |
$3,996.2 |
$4,059.8 |
$4,172.7 |
$5,269.4 |
$5,293.2 |
$6,329.1 |
$6,523.7 |
|
|
A/L ratio of 1.5 and up, best |
|
Assets |
|
|
|
|
|
|
|
|
| Liabilities |
$1,958.9 |
$1,973.4 |
$2,778.0 |
$2,575.9 |
$2,528.3 |
$2,604.9 |
$2,660.0 |
$2,651.7 |
$2,812.9 |
$3,723.2 |
$3,789.7 |
$4,555.5 |
$4,654.2 |
|
|
1.49 |
<-Median-> |
10 |
Liabilities |
|
|
|
|
|
|
|
|
| A/L Ratio |
1.48 |
1.50 |
1.43 |
1.52 |
1.52 |
1.51 |
1.50 |
1.53 |
1.48 |
1.42 |
1.40 |
1.39 |
1.40 |
|
|
1.42 |
<-Median-> |
5 |
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shareholder' Eq. |
|
|
|
|
|
|
|
|
|
|
|
$1,774 |
$1,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred Shares |
|
|
|
|
|
|
|
|
|
|
|
$147 |
$147 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Book Value |
$942 |
$978 |
$1,181 |
$1,332 |
$1,313 |
$1,337 |
$1,336 |
$1,408 |
$1,360 |
$1,546 |
$1,504 |
$1,627 |
$1,723 |
$1,723 |
|
66.42% |
<-Total Growth |
10 |
Book Value |
|
|
|
|
|
|
|
|
| BV per share |
$10.82 |
$11.19 |
$12.06 |
$12.36 |
$12.12 |
$12.28 |
$12.14 |
$12.69 |
$12.20 |
$13.78 |
$13.31 |
$14.19 |
$15.03 |
$15.03 |
|
26.82% |
<-Total Growth |
10 |
Book Value |
|
|
|
|
|
|
|
|
| Change |
3.12% |
3.39% |
7.71% |
2.50% |
-1.88% |
1.27% |
-1.16% |
4.59% |
-3.90% |
12.96% |
-3.42% |
6.66% |
5.89% |
|
|
1.1477 |
Current/Historical |
|
Book Value |
|
|
|
|
|
|
|
|
| P/BV (CL) |
1.33 |
1.58 |
1.38 |
1.29 |
1.47 |
1.57 |
1.73 |
1.78 |
1.79 |
1.61 |
1.88 |
2.21 |
1.92 |
|
|
2.40% |
<-IRR #YR-> |
10 |
Book Value |
|
|
|
|
|
|
|
|
| Change |
-22.85% |
18.89% |
-12.51% |
-6.59% |
13.84% |
6.44% |
10.70% |
2.70% |
0.79% |
-10.22% |
16.93% |
17.24% |
-13.10% |
|
|
3.18% |
<-IRR #YR-> |
5 |
Book Value |
|
|
|
|
|
|
|
|
| Leverage (A/BK) |
3.08 |
3.02 |
3.35 |
2.93 |
2.93 |
2.95 |
2.99 |
2.88 |
3.07 |
3.41 |
3.52 |
3.89 |
3.79 |
|
|
3.03 |
<-Median-> |
10 |
A/BV |
|
|
|
|
|
|
|
|
| Debt/Equity Ratio |
2.08 |
2.02 |
2.35 |
1.93 |
1.93 |
1.95 |
1.99 |
1.88 |
2.07 |
2.41 |
2.52 |
2.80 |
2.70 |
|
|
2.03 |
<-Median-> |
10 |
Debt/Eq Ratio |
|
|
|
|
|
|
|
|
| Median |
|
|
|
|
|
|
|
P/BV |
10 yr Ave |
1.67 |
5 yr Ave |
1.79 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$11.19 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$14.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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-$12.14 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$14.19 |
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| ROE |
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8.8% |
3.5% |
18.4% |
3.9% |
13.3% |
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8.79% |
<-Median-> |
5 |
Compreh. Inc |
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| Comprehensive Inc |
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$123.80 |
$47.80 |
$283.90 |
$58.20 |
$216.20 |
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Compreh. Inc |
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| ROE |
11.9% |
10.7% |
9.7% |
7.1% |
10.8% |
10.7% |
10.1% |
8.9% |
11.1% |
9.4% |
11.7% |
11.7% |
13.8% |
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Net Income/Shareholders'
equity |
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| 5Yr Median |
11.9% |
11.5% |
10.7% |
10.6% |
10.7% |
10.7% |
10.1% |
10.1% |
10.7% |
10.1% |
10.1% |
11.1% |
11.7% |
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| Net Income |
$111.70 |
$104.40 |
$114.20 |
$94.20 |
$142.40 |
$143.20 |
$135.40 |
$125.80 |
$151.30 |
$144.70 |
$175.70 |
$191.10 |
$236.90 |
<-12 mths |
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83.05% |
<-Total Growth |
10 |
Net Income |
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| Oper C. F. |
$223.70 |
$208.10 |
$145.10 |
$257.90 |
$239.50 |
$304.00 |
$164.30 |
$345.80 |
$351.40 |
$237.20 |
$302.80 |
$416.40 |
$488.30 |
<-12 mths |
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Cash Flow Statement |
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| Invest. C. F |
-$141.70 |
-$126.10 |
-$566.20 |
-$109.60 |
-$80.90 |
-$213.90 |
-$117.20 |
-$203.00 |
-$288.90 |
-$671.60 |
-$367.20 |
-$894.80 |
-$969.10 |
<-12 mths |
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Cash Flow Statement |
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| Total Accruals |
$29.70 |
$22.40 |
$535.30 |
-$54.10 |
-$16.20 |
$53.10 |
$88.30 |
-$17.00 |
$88.80 |
$579.10 |
$240.10 |
$669.50 |
$717.70 |
<-12 mths |
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| Total Assets |
$2,901.2 |
$2,951.0 |
$3,959.4 |
$3,907.9 |
$3,840.9 |
$3,941.7 |
$3,996.2 |
$4,059.8 |
$4,172.7 |
$5,269.4 |
$5,293.2 |
$6,329.1 |
$6,523.7 |
<-12 mths |
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Balance Sheet |
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| Accruals Ratio |
1.02% |
0.76% |
13.52% |
-1.38% |
-0.42% |
1.35% |
2.21% |
-0.42% |
2.13% |
10.99% |
4.54% |
10.58% |
11.00% |
<-12 mths |
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| up/down/neutral |
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| Chge in Close |
-20.44% |
22.92% |
-5.76% |
-4.26% |
11.71% |
7.79% |
9.41% |
7.41% |
-3.14% |
1.42% |
12.93% |
25.05% |
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| Any Predictions? |
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| Fin. C. F |
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-$143.4 |
-$55.6 |
$420.2 |
$77.9 |
$446.2 |
$531.80 |
<-12 mths |
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| Total Accruals |
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$126.40 |
$144.40 |
$158.90 |
$162.20 |
$223.30 |
$185.90 |
<-12 mths |
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| Accruals Ratio |
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3.11% |
3.46% |
3.02% |
3.06% |
3.53% |
2.85% |
<-12 mths |
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| June 6,
2011. when I last looked I got 2010
and 2011 earnings of $1.55 amd $1.58 and Cash Flow of $3.13 and $3.17 |
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| Mar 9, 2010. In Aug 2009, I
picked up for 2009 and 2010 earnings of $1.43 and $1.45 and cash flow of
$3.05 and $3.08. |
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| What you look for in a utilities stock is that you get a total return of
about 8% per year, 4% in dividends and 4% in Capital Gains. My return since Jul 2005 is 10.5%. Very good. |
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| Aug 17,2009. In April 2009, I
picked up earnings for 2009 and 2010 of $1.39 and $1.45. Earnings for 2009 has increased slightly to
$1.43 |
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| April 30, 2009 AR 2008. In Sep 2008,
I picked up an earnings estiamte of $1.35, but it came in at $1.29, Diluted
$1.26. This company is expected to do
well over the next couple of years. |
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| The Book Value is not increasing by much, but then this company pays a high
dividend. When taken into
consideration the dividend, the full return on this stock is fine. |
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| None of the values are increasing by much.
I good return on this sort of stock is 8%, including dividends. |
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| AP 2007. It seems solid,
but slow. Recommend keeping for now,
but not buying more. Dividends have
finally started to increase, But revenue is not growing over last 5 yrs. |
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| AR
2006. Revenus and EPS growth
suck. However, dividend yield is high
as is ROE and OPM. For last 5 years, Price plus dividend growth is IRR of 10%
which is good. |
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| In April
2007, re Mike, yield is below historical high and average, which means the
price is high, therefore price will probably come down. |
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| AR 2005. I have lost so
far 25% on this stock, but only invested some 4,000, so not too bad. I guess I invested at wrong time in
Jan. Apparently I bought it at the
top. TD recommends as a hold since May 2005??? |
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| AR 2005 I am also annoyed
at this stock as the annual report was hard to find and they seem to have
restate values, especially revenues without saying so. |
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| AR 2004. The dividend is
good, and it increases slightly each year.
However, I do not know if that is a good enough reason to buy this
sock. |
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| Half the money made on this stock is from dividends. Low risk stock. 10 to 11 IRR not bad. AR 2004 |
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| How they make their money |
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| Emera Inc.
is an energy and services company that has two wholly-owned regulated
electric utility subsidiaries, of Nova Scotia Power Inc. and Bangor
Hydro-Electric Company. Emera also owns 19% of St. Lucia |
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| Electricity
Services Limited, and 25% of Grand Bahamas Power Company that serves 19,000
customers on the Caribbean island of Grand Bahamas. Emera also owns the Brunswick Pipeline;
Bayside Power, in |
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| Saint John,
New Brunswick; Emera Energy Services; a joint venture interest in Bear Swamp
northern Massachusetts; a 12.9% interest in the Maritimes & Northeast
Pipeline; and an 8.2% interest in Open Hydro. |
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| For most ratios, lower is better when looking for a good stock price. However, there are exceptions such as for
yield and asset/liability ratios and here you want a higher ratios to
indicate a good stock price. |
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| Also, for
the Operational Profit Margin, a higher percentage is better. With the OPM, you should only compare
companies in similar industries. |
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| Copyright ©
2008 Website of SPBrunner. All rights reserved. |
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