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5/30/23 Capitalist Times Live Chat
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Dennis
8:00
I am late to the party today so please excuse me if the question has been answered, Do you have any concerns about HASI.  They had a good report and things seem to look positive, but the market doesn't seem to be treating them very well.
AvatarRoger Conrad
8:00
Hi Dennis. I'm always concerned when a stock is that weak as Hannon Armstrong. But as I also pointed out answering several questions earlier in the chat, the company's operations and guidance still appear to be in good health. And the primary reason for the selloff--the stock issue at a time when the overall stock market is slipping aside from AI--shouldn't have a permanent impact on the shares. In fact, by locking in financing now, the company can go on making investments to fuel future earnings accretion.
Andy
8:02
Thanks for these chats very helpful in maintaining confidence in the market. Given the preservation of most of the infrastructure spending bill going forward you’ve not endorsed  BIP very strongly especially given its in the same family with BEP. Why is that?
AvatarRoger Conrad
8:02
Thanks Andy. Main reason is Brookfield Infrastructure LP is so broadly diversified to be a jack of all trades with scale in none. Brookfield Renewable in contrast is a pure play on zero CO2 contracted generation.
Ben
8:03
Any thoughts on bti? British American tobacco.
AvatarRoger Conrad
8:03
Hi Ben. I basically prefer Altria (NYSE: MO) in that sector--which is why I have it in the model CUI Plus/CT Income portfolio. The dividend is large, growing and safe and the company has a dominant position in cash cow products, as well as a path forward in the smokeless sector.
BKNC
8:04
Ahh, thanks for the explanation on DUK. I knew I was missing something. regulated vs unregulated.
AvatarRoger Conrad
8:04
Thank you for your question.
Jeff
8:05
Hi Roger I just got in.  What is your opinion on Constellation Energy.  I own their bonds.
AvatarRoger Conrad
8:05
Hi Jeff. I think it's a little expensive now but would be a buy on a dip to 70 or lower--great free cash flow story.
BKNC
8:07
There was a recent question asked about HASI and if we could add to this position with it taking such a beating. I was looking at that also. I know you believe we have a recession coming, I believe that as well. It's hard to hold off when you see such bargain prices on things that you know are sound long-term investments. Nobody is a fortune teller, and I think the answer is not yet, but can you let us know when you feel it is the appropriate time to start taking some action. (I am talking some e-mail notice)
AvatarRoger Conrad
8:07
I will certainly do my best to help out with the timing of buying favorite stocks. But another approach would be to buy in increments--take one-third of the position you intend to take now, wait 6-8 weeks to take the second and another 6-8 for the third. If we do believe we've hit bottom we can accelerate parts two and three. Otherwise, our powder is dry but we can stick a toe in at what is after all a very low price.
Jeff
8:10
What is your opinion on Sempra and EIX, with California wildfire season coming?
AvatarRoger Conrad
8:10
Hi Jeff. Both companies have weathered the years since 2018 without incurring major new wildfire liability not covered by state insurance. And every year they do more to reduce the danger of their systems being implicated in wildfires--despite the fact that fires seem to be getting worse and worse. Only a portion of Sempra's operations are California power lines, so its exposure is much less. But as I noted earlier in the chat, Edison (NYSE: EIX) has been systematically cutting risk year in year out. And I expect them to weather this season as they have the last several in good shape.
Michael L
8:14
Elliott, is your Creating Wealth service different from the capitalist Times Total Return Growth portfolio? if so, how do we access it? Also, as I have asked, how do we access the free market Speculator Subtract?
AvatarRoger Conrad
8:14
Hi Michael. I'll answer for Elliott. CW like CUI Plus is a a feature of CT we've broken out separately for readers. If you want to get both as well as the REIT Sheet, metals coverage and other features for one price as CT, please call Sherry anytime 9-5 ET Monday through Friday at 1-877-302-0749.

Thanks for your interest!
AvatarRoger Conrad
8:15
Well that's all we have in the queue at this time. If for some reason we missed your question or didn't answer it to your satisfaction, please email us anytime at  service@capitalisttimes.com
BKNC
8:18
Thank you again. I usually do buy increments, very good advice. I really do appreciate that you both take the time to listen to your subscribers' comments and questions and then explain the pluses and minuses of a given situation. We all make our own decisions, but your insight really helps. When something takes a hit, it helps to have a knowledgeable person say things as still good, think long term.
AvatarRoger Conrad
8:18
Thank you very much for those kind words. Really appreciate it. This is a really valuable exercise for us as well as we try to improve what we do at CT.
AvatarRoger Conrad
8:18
And signing off, Elliott and I would like to thank everyone for participating today. As usual, you gave us a lot to think about and we very much appreciate your business and especially your trust. Have a great evening!
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