EXC

Exelon is the largest nuclear operator in the United States. The company’s fleet of nuclear reactors are the source of its competitive advantage — they cannot be duplicated or replaced. The last reactor in this country was built over twenty-three years ago. Any new nuclear reactor today would cost several billion dollars to build and … Read more

The market is currently focused on the short-term weakness in Exelon’s earnings and not the long-term opportunity presented by this quality company. The market’s short-term concerns now present us the opportunity to acquire a company with a very strong business, yielding 4.4%, trading at 12x our 2010 earnings estimate of $4/share with earnings growth of … Read more