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.