Q: What is 5Ri take of PPL-T?
5i Research Answer:
We like PPL overall. The momentum looks good, the valuation at 22X forward earnings is reasonable and the 4.5% dividend yield is nice as well. It is a mid-to-high single digit grower but that growth should be reliable which is nice in more volatile times. By nature of the business, debt is high but we on't see much reason to be concerned on this front.