Word: electricizers
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Still, optimists are getting easier to find. Investors generally are encouraged by tough new laws on corporate fraud. Widely admired General Electric gave investors reason for hope last Wednesday, when it joined a growing list of companies that plan to treat stock options as an expense. Accounting rules don't...
ENERGY This industry has been scalded by the Enron scandal. The most compelling values are in natural gas (where Buffett has been buying). Typically, gas-company P/Es are slightly above the S&P multiple. Today the group trades at a 50% discount, Manley notes. Big oil companies don't look...
But North Korea's agricultural output has fallen dramatically and its infrastructure is crumbling. Most of its factories have shut down and its electric power system is in shambles. The country has one of the worst credit ratings in the world and its currency, the won, is not convertible. Building...
So how come the crowd attending a convention of rural electric cooperatives in a Dallas hotel last week - men whose weathered faces spoke of long days riding tractors and branding cattle - was getting such a kick out of the afternoon's speaker, the African-American Democratic nominee for Senator? Ron...
A 1997 law required NSTAR, the electric and gas distribution company, to sell off the Blackstone plant. The plant produces about 70 to 80 percent of Harvard’s steam, which is used to heat the University.