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Roger Conrad

Roger S. Conrad is editor of Utility Forecaster, the nation’s leading advisory on essential services stocks, bonds and preferred stocks. His proprietary safety rating system evaluates the prospects of every significant electric, natural gas, telecommunications and water company, including utility-based mutual funds and foreign utilities. Roger’s penchant for detailed research and his studied insights into utilities markets have garnered him a wide audience of subscribers—not to mention a bevy of industry awards for his perceptive reporting, commentary and investment advice.

He brings the same enthusiasm and intelligence to Roger Conrad’s Canadian Edge, an Internet-based publication devoted to uncovering lucrative investment opportunities in Canadian royalty trusts. Roger’s exhaustive coverage of how recent changes to Canada’s tax laws will affect these companies has earned him a reputation as one of the leading authorities on Canadian trusts. Subscribers and the national media often contact him for information on the latest economic developments and investment opportunities north of the border.

Roger is also associate editor of Personal Finance and co-editor of Vital Resource Investor, a subscription-based service that seeks opportunities for equity investors in the natural resource markets across the world.

He holds a bachelor’s degree from Emory University and a master’s degree in international management from the American Graduate School of International Management (Thunderbird). In addition, he is the author of Power Hungry: Strategic Investing in Telecommunications, Utilities and Other Essential Services and coauthor of The Agile Investor and Market Timing for the Nineties with Stephen Leeb. He is also an avid outdoorsman and baseball fan.

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 Articles by this Author

I’d like a company I recommend to post improved numbers every quarter. That’s not necessarily earnings per share, or even distributions per share, but a group of metrics I consider to be important in gauging the health of the business.

Beyond GDP

Friday’s sharp reversal of Thursday’s gain is a pretty stark reminder of how little (if any) conviction investors have about things getting better, and how willing they are to sell at any provocation. That kind of sentiment is usually a bullish sign for stocks in the longer term.

The Wall of Worry

A catalyst may emerge to take down stocks. But with companies borrowing at such low rates, it’s not going to be the credit markets that do the damage. And, amazingly, few of today’s cautious investors are aware of this reality.

Takeover talk is often more fun than the deals themselves. That’s because the speculation is so pregnant with promise and everyone, from investors to business partners, is a potential winner.

The correct role of the regulator has always been a matter of debate for the state and federal officials who oversee industries from electricity and communications to banking.

The Big W

This market remains in perpetual fear that the better economic news we’ve seen of late actually just marks the second leg of a “Big W” recession.

There’s no better discounting mechanism than the stock market, which for communications is already pricing in the bad news and none of the good. That’s a formula for investor profits and a reason to buy, not head for the hills.

Two major pieces of legislation making their way through congress and their impact on our utilities.

Do surging gold prices indicate inflation is making a comeback? We probably won’t be able to answer that one for a while. But one thing the yellow metal’s strength does indicate is the debasement of the US dollar after a year of unprecedented “quantitative easing” to head off depression, as well as the fact that the US is no longer the world’s only major market for raw materials.

Debt Busters

By late 2008 it was clear even to the man on the street that this country had become chronically over-leveraged. Too many people had taken on too much debt they couldn’t possibly service, and exposure to default was too widespread for the center to hold.

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