01-03-2018, 09:53 AM
(01-03-2018, 09:30 AM)divmenow Wrote: Hey Eric you bought DLTH. What was it the commercials that got ya LOL. Hopefully that stock can come back now with tax reform.
Regarding D. I own as well and I am not liking the deal today. 14 Billon debt.... Buying a failed company with law suits. Hmmm buying Scana makes no sense to me. I may sell today and put it into AEP.
A new Duluth Trading Company opened up where I live and I was really impressed with the quality of the product and the feel of the store. It was also quite busy while I was there. The company has a strong on-line business and is now expanding its physical footprint with new stores across the country. I thought it was worth throwing $500 at it to see where it goes.
As for D, I think selling would be a big mistake. They picked off SCANA at a bargain price and the deal will open up a new, growing, region to Dominion's service territory.
Here is the presentation from D: http://investors.dominionenergy.com/stat...618e902fc7
The deal is immediately accretive, and is expected to bump D's growth rate to 8%+ going forward. I don't know many 4% yielding utilities around growing at a high single-digit rate with 10%+ dividend growth. If you know of another, please let me know! =)