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PPL Corp.: A relative bargain, after a late summer swoon

Posted Sep 21st 2009 10:00AM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

PPL Corp.'s (NYSE: PPL) stock has meandered since first recommended on May 26, 2009, at a price of $32.15 -- and even broken below the key, 50-day moving average for a considerable period, something that would typically spark a re-evaluation of the investment.

But PPL is in the electric power generation sector, and rare is the day you should sell a power play. Hence, I'm reiterating my Buy rating for PPL Corp.

Continue reading PPL Corp.: A relative bargain, after a late summer swoon

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