Somebody Loves Unitil

Doing a random search of Unitil, I stumbled on this from streetinsider.com. It's dated Dec. 24, 2008. You know, when most of Fitchburg had power back on. But not all of it.

Janney Montgomery Scott initiates coverage on Unitil Corp. (NYSE: UTL) with a Buy and $23 fair value.

Janney analyst says, "The company has a stable electric and gas utility business in New England and a solid working relationship with its state Commissioners. The recent acquisition of Northern Utilities increases the company’s gas utility customer base and expands its footprint into Maine. In the short-run, earnings growth will be generated from acquisition-related operating efficiencies, while long-term earnings growth will stem from the traditional utility model of capital spending on infrastructure coupled with diligent rate case management, as the company brings returns at Northern Utilities up to par. Unitil offers investors an attractive 6.9% dividend yield, which management has stated it is committed to maintaining."

Unitil Corporation (Unitil) is a public utility holding company.

I know what you're thinking. There's only two comments with the post, but they know what you're thinking, too.