Looking for Opininons on PGN

[mxa]

PGN
Reasonable P/E
Growing earnings forecasted [can we trust them?]
Reasonable P/B
Near its one year high
Pays a div too!
They are in the energy business [own power co's in FL, NC, SC] with some natural gas exploration/production.
As a basic necessity to most, energy is in my opinion recession-proof.
I also believe natural gas prices will continue to climb in the next 6 months.

[mrmarket]

from a price momentum standpoint, this stock doesn't have that much to offer....earnings and dividends look ok...kind of rich price for an energy company.

[mxa]

PGN may be a little too boring for His Hugeness. I do not consider it too pricey, because I look for price to book as much as p/e and earnings growth. You focus more on earnings and price momentum. When PGN breaks its 52 wk high again, it will look more attractive to you.