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Tuesday, August 3, 2010

MDU Earnings In-Line; Revenues Down 5% Year-Over-Year

MDU earnings in-line with consensus; revenues down 5% year-over-year. Maintains guidance.

Comment: I would have thought that earnings would have been better.
  • Almost every other Bakken company reported better earnings
  • The recession was worse one year ago; things have improved since then
  • Regulated side of the business guarantees some level of stability
I'm still waiting for right time to start getting back into MDU. I'm still raising cash with high-dividend payers. Most recent new holding: WHX.

Later, if I have time, I will go through MDU's earnings statement and see where there are bright spots.

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