David Kiefer Quotes
You can't throw darts anymore. Our parents could buy utilities and it was almost clipping coupons on a bond. Now, there's much more involved. 
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Throw | Darts | Anymore | Parents | Utilities |
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Because of their high yields and stable cash flows, utilities are defensive stocks. But with deregulation, part of the business -- the power generation piece -- is exposed to supply and demand concerns where it wasn't before.
- David Kiefer
We've gotten to the point now where these companies are well positioned in the generation side to make money, but you're going to have to follow the industry closely to know which ones and when to get out of them. It may sound self-serving, but I really believe that investors should probably not buy individual utility stocks and let a professional money manager do it for them.
- David Kiefer