Reported about 13 hours ago
In its third-quarter 2025 investor letter, Palm Valley Capital Fund discussed its recent investment in Avista Corporation (NYSE:AVA), a utility company facing challenges but believed to be attractively priced with a 5.2% dividend yield. Despite a decline in its stock price due to weaker earnings, Avista's core business remains strong, indicating potential for future growth. With a market cap of $3.032 billion and trading at 14x expected earnings, Avista is on the radar of some hedge funds, though it competes with other stocks believed to offer better returns.
Source: YAHOO