I am going to buy Fortis Inc

10 Sep

Gas and electricity is a first world luxury that we hardly think about.  The bill comes and we pay it.  Fortis Inc is a distributing facility that is serving homes and businesses in five Canadian provinces and other places.

I’m at it again buying a 52 week low stock:  Fortis Inc.  (FTS.TO) with a Div/Yield of 0.31/4.12%.  This will be a longer term hold for me.  Buy and forget about it stock.

This will be the last stock purchase for 2013, unless I sell a stock and have cash on my hands again.

Hibernation portfolio is in effect as of Sept 11th.

 

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2 Responses to “I am going to buy Fortis Inc”

  1. Liquid September 10, 2013 at 2.33 #

    I like Fortis too. One of their offices is just a block away from where I work 🙂 But so far have never gotten into their stocks. The 52 week low does make it more attractive right now though. If it stays at current levels until November I’ll probably pick up a small position then. Don’t have the extra money yet to buy stocks right now.

    • agentfang September 10, 2013 at 2.33 #

      I don’t really see much fluctuation for this stock… it just might hoover around the low 30s for you. But of course, I’m hoping it’ll go up from tmr on out 🙂 Of course, you’ve bought stocks around 52 wk highs and continue to go upwards like DIS and SBUX. I shouldn’t have sold out SBUX. Got a lot of regrets for selling out good stocks so that’s why I’m putting a brake on my trades.

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