Selling a European Utility Scottish Power (SPI).
Selling a European Utility Scottish Power (SPI). With p/e ratios roughly equal to that of the general market I think utilities in the US are vastly overvalued. As a result of the of the recent merger mania among utilities in Europe, I now think same is true of European utilities. On Jan 16th (yesterday), I sold my long time holding in Scottish Power ADRs (SPI) at $58.43. Disclosures and Confessions: I first acquired Scottish Power through my participation in a Dividend Reinvestment Plan (DRIP) at PacifiCorp in ...