What I Am Buying Today.

[fenders53]

(01-25-2022, 03:29 PM)stockguru Wrote:

(01-25-2022, 02:52 PM)fenders53 Wrote: Guru,

I'd like to point out that NEE is now below my exit price before I flipped into some mid 80s WEC, so you can stop busting my chops now.  

Yeah but you still missed in selling it at $93 lol 

And buy the way I wouldn't own NEE even at these levels. Needs to fall below 60

EPS Growth through 2025 of 6-8%. The P/E should about 15 on this company. The yield is not high enough for an electric utility. JS

Stop it!!!  But I did flip WEC once and have been selling covered calls for a year.  Do I have to send you brokerage statements, or to Chad first so he can audit them?   

Eric sold me on NEE and it had a good run for several years.  The forward PE on NEE is now 30 (trailing is worse)  They miss earnings now and then and it's a not a good hold here. I sold it for a good reason.  I'd buy it back if it pulled back to sanity.  

6-8% growth is very good for a large UTE, but not with a tech stock PE.  A 15 PE will get you a no growth UTE or other issues.  When I bought my first XEL shares in the 1990s the PE was around 10.  In the 70-80s a good UTE would have a 6-8 PE.  There was a reason though.  Never mind the crazy high CD rates, you could get 5% on a savings account.  Utilities weren't all that attractive as income investments.  

I know you found all of that very interesting.  

PS, how did that JAN PayPal 210 strike call go? You clearly stated it was a high conviction trade.