Wednesday, June 30, 2010

Searching for a Safe Haven in DUK

Our stock holdings have been taking a serious beating as of late. We wonder when the markets will find a consolidation base and reverse the present course. We have experienced the worst Q2 in a while.

For those of us that are trying to weather the storm, and have kept some cash on the sidelines, this may be a good time to look at a relatively safer investment in Duke Energy Corp. (DUK).

DUK is selling this morning at 16.10, dividend yield is at 6.0%, heavy average daily volume of near 10 million shares.

This utility company could be a good place to park funds and get a return that is more attractive than cd's and savings accounts. I don't expect DUK to appreciate greatly since the stock price fluctuations are limited and slow.

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