US EditionHydro One: Buy, Sell, or Hold?
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Hydro One: Buy, Sell, or Hold?
Shares of Hydro One (TSX:H) show us that you don’t need to give up on capital gains when you’re playing defence. Undoubtedly, as a steady utility known for its “virtual monopoly” over Ontario’s transmission lines, you’re getting a level of predictability that’s hard to come by in the equity markets. Sure, the beta, which currently sits at just north of 0.3 (which means H stock is likelier to “zig” when the TSX “zags”), isn’t the lowest out there…
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