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Capitalist Times October 2021 Live Chat
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AvatarRoger Conrad
7:21
That investment will take decades and trillions of dollars to complete, dwarfing any outlay bitcoin is causing now. And getting there is going to be an immense challenge for industry—requiring making good investments, harnessing technological advance and maintaining good relationships with regulators. And as investors, it will be incumbent on us to make sure we’re in stocks of the companies doing this most effectively.
7:22
By the way, we also have huge investment opportunities in oil and gas will have for a long time to come. In
Tom L
7:23
Thanks for all of you thoughtful and candid answers.  Your work is really appreciated.  Tom L
AvatarRoger Conrad
7:23
Thank you Tom. We really appreciate your business.
Larry
7:23
Sorry, WEC Energy Group price decline?
AvatarRoger Conrad
7:23
Hi Larry. Despite holding this very high quality utility stock in the Conrad's Utility Investor portfolio for some years, I've never raised my highest recommended entry point above 90--because of valuation concerns when shares have traded above that price. That's proven to be a good strategy, as WEC Energy Group has never been able to hold value much above that level. What the company has consistently done--and likely will again in early December--is increase earnings and dividends at a mid-to-upper single digit percentage annual rate, by boosting the value of its franchise in the upper Midwest. I expect to see the same in Q3 results and updated guidance due out on November 2 before the market open. In the meantime, invest fresh money only on dips to 90 or lower. One other bit of positive news: Fitch today affirmed its BBB+ rating for the company with a stable outlook, citing conservative financial policy and constructive regulation.
AvatarRoger Conrad
7:26
Well that's all we have in the live queue, as well as from email we received prior to the chat, so I'm going to close out the proceedings for this month. As I said at the beginning some hours ago, we will be sending you a link to the complete Q&A, which will also be posted on our websites.
7:28
Thanks again to everyone who participated today, either live or with emailed questions. We really appreciate your business. If for some reason you feel your question wasn't answered fully, please drop us a line at service@capitalisttimes.com and we'll get back to you as soon as we can. Until next month....
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