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The problem with for-profit utilities is not even the pursuit of normal profits, but when those utilities are listed companies and then Wall Street almost requi
by elzbardico 3y ago
The problem with for-profit utilities is not even the pursuit of normal profits, but when those utilities are listed companies and then Wall Street almost requires all kinds of magical stuff from said companies because it seems now that every public company should aspire to be a disruptive buy-back addicted unicorn.
- HPsquared 3y agoIronic, given that interest rates have (until recently) been so low. Utilities have always been very capital-intensive but stable. They should be low-yield but low risk.