Tim Kaelin, Sector Manager
October 10, 2011
Purchase Price: $42.70
Target Price: $46.17
Southern provides the fund stability in a volatile market…
- Diversified services for a utility stock
- Low historical beta of .28
- Beta of .35 vs. S&P 500 from 6/1-10/3/11
- Beta of -.05 vs. VIX from 6/1-10/3/11
- Strong operating margins compared to industry
- Dividend yield of 4.5%
- Expansion into Nuclear Power
- Services a growing geographical area of the US