I had a look at the fundamentals for TEP from a value perspective. I don't like the fact that the current P/E is 22 vs. Ultilities in general being more like 12. Additionally, the dividend yield at around 3% is one of the lowest values it has been for some time - the peak being at around 9%!
However, I've already bought and the share is going up. Whilst the weekly and daily indicators remain strong I'll stay in! I'm watching daily to see if the run remains convincing by a break through 700.
RSS Feed