William Hartley

Friday, April 8, 2011

Value Ideas: 9 Deeply Undervalued, High-Yield Utilities for a Watchlist

Kapitall submits:

Are you looking for value ideas? If so, this list may be a helpful starting place for that search.

Below we present nine utilities stocks with dividends between 4%-7%. These stocks are also undervalued by the Graham Number.
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Benjamin Graham, the man who developed this equation, was a former mentor of Warren Buffett and is the so-called ?Godfather? of value investing.

The Graham Number, or the maximum price an investor should pay for a stock, is derived using only two data points: Current earnings per share and current book value per share.

The Graham Number = Fair Value of a Stock = Square Root of (22.5) x (TTM Earnings per Share) x (MRQ Book Value per Share).

The math of the Graham number is relatively straightforward. It is predicated on the belief that the price-to-earnings (P/EPS) ratio should be no more than 15, and the price-to-book


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