Q: Hello,
I own a little TRP and ENB which have both performed well. Thoughts on starting a position in PPL? Seems to be underperforming. Would you be comfortable buying a full position here? Long term hold.
Thanks.
I own a little TRP and ENB which have both performed well. Thoughts on starting a position in PPL? Seems to be underperforming. Would you be comfortable buying a full position here? Long term hold.
Thanks.
5i Research Answer:
PPL fell recently on news of lower tolls, but this of course comes with the territory of a regulated business. Considering its valuation, stability, cash flow and dividends, we would be comfortable buying a full position for income primarily and some long term growth potential.