Finding Value in the Energy Sector
To research a book that RealMoney contributors Roger Arnold, Glenn Williams and I are writing together, I've spent a lot of time thinking about and reviewing energy and utility stocks. In particular, I've spent a fair amount of time catching up on gas and electric-utility companies.
Utilities have been one of my favorite sectors for years. A wave of cost overruns, bankruptcies and near bankruptcies at nuclear power plants in the 1980s introduced me to distressed investing, so I have a certain fondness for this sector. Whenever I've been able to buy this group below tangible book value, I've made money....441 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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