The CAPS Stock Screener is one of my favorite tools, because adding the views of peers (CAPS Star Rating) can always be helpful. Today we're going to look at some 5 Star Utilities, and come up with a winning investment. Additional criteria on this preliminary screen included P/E (0-20), Dividend Yield (>3%), and Return on Equity (>10). Here are the 5 star competitors.
Company Market Cap P/E more »
Covanta (NYSE: CVA) uses waste that would otherwise be sent to landfills to produce electricity (the company has about 1 million residential customers in North America) as well as to extract some metals for re-use. At a market capitalization of $2.3 billion, the company trades at 32 times earnings, which is a bit high but could be appropriate for a “next generation” type of company.
However, so far the more »