February 11, 2014 (DJIA 15,801.79, S&P500 1,799.84)     Weather is certainly having an economic effect in America during Winter 2013/2014

Historically weather has been used as a poor excuse for companies performing poorly. Many analysts and news media are criticizing these companies, and suggesting they are using a text book type old excuse. I think that weather in the late December through today has been a valid reason for many companies reporting reduced sales and profits (e.g. Walmart). We have certainly had a cold January and so far February on the East Coast. On the same token, natural gas prices have risen since mid November 2013, and this could lead to unexpected higher profits for certain utility companies. During the fourth quarter of 2013, natural gas prices averaged around $4.00, with a low near $3.50 and a high near $4.50. During 2014, the low was around $3.90, went as high as around $5.70, and is priced at $4.76 today. Natural gas was priced over $13.00 in 2008. Utilities typically base their regulated rates on the price of natural gas.

As always, we welcome the opportunity to discuss our outlook and investments with you.

Please feel free to contact me with anything you would like to discuss. Feel free to ask general questions on our Facebook page as well

Ron

Ronald R. Redfield cpa, pfs
Redfield, Blonsky & Co. LLC
15 North Union Avenue
Cranford, NJ 07016-1103

https://www.rbcpa.com

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If you are a client of ours, and if you have questions regarding the company or investment mentioned in this report please call our office. If you are not a client of Redfield, Blonsky & Co. LLC Investment Management Division and are reading these notes, we urge you to do your own research. We will not be responsible for any person making an investment decision based on these notes. These notes are a “by-product” of our research. We are not responsible for the accuracy of these notes. We are not responsible for errors that may occur in these notes. Please do not rely on us to monitor or update this or any other report we may issue. In theory, we could come across some type of data or idea, which causes us to eliminate our long or short position of the company or investment mentioned in this report from our portfolios. We will not notify reader’s revisions to these notes. We are not responsible to keep readers of these notes updated for changes or material errors or for any reason whatsoever. We manage portfolios for clients, and those clients are our greatest concern as it relates to investing. Certain clients of Redfield, Blonsky & Co LLC may not have the company or investment mentioned in this report in their portfolios. There could be various reasons for this. Again, if you would like to discuss the company or investment mentioned in this report , please contact Ronald R. Redfield, CPA, PFS (partner in charge of investment management division).

Information herein is believed to be reliable, but its accuracy and completeness cannot be guaranteed. Opinions, estimates, and projections constitute our judgment and are subject to change without notice. This publication is provided to you for information

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  1. Redfield, Blonsky & Co., LLC (RBCo), only transacts business in states where it is properly registered, or excluded or exempted from registration requirements.
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