on the market bounce that should occur. It is oversold, pays a fat dividend, and may have payment relief the state.
One reason it hasn't held up well is a pending sale of some of their assets. Yahoo notes: "Unitil of Hampton, N.H., a utility holding company with 115,000 customers in New Hampshire and Massachusetts, is buying both Northern Utilities and Granite State Gas Transmission from NiSource Inc. for $160 million. Unitil hopes to close the deal next month."
Technically, this could be the capitulation moment. This is one utility that may not be overpriced.
and ESS and ELS are two REITs that haven't, in my opinion, sold off enough.
Good hedge.
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