American Electric Power Company, Inc. (NYSE:AEP)
A public utility holding company whose public utility subsidiaries have traditionally provided electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers.
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the right innovator at the right time
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Cap player taking a random five star walk down Wall Street and riding capital wave.
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I don't have much justification for liking this stock, but I do. I like the four percent dividend (10/11/06). I think it's a well run company. I think it has been stable in the market for too long. I think a lot of "energy money" has been in oil over the last 3 years and I expect that as oil stocks cool (if they do) electric stocks will benefit. I want some energy exposure and I fear that oil stocks are a little overbought.
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