The Investment Reporter, in its Aug. 5, 2016, issue, says buy Fortis Inc., recently $44.03. The Reporter said buy 29 times from Oct. 15, 1995, to Oct. 30, 2015, at prices ranging from $22.89 to $70.68 (the stock split 4 for 1 on Oct. 12, 2005). Assuming an investment of $1,000 for each of the 29 buys, the $29,000 position would now be worth a pleasing $85,418. Fortis provides electricity and natural gas in Canada, the U.S., Central America and the Caribbean. The company's shares currently trade at a "hefty" price-to-earnings ratio of 20.7, based on its 2016 estimated earnings of $2.13 a share. Next year, Fortis is expected to earn a higher $2.41 a share. This gives a better P/E ratio of 18.2. Keep buying. Elsewhere in the newsletter, the Reporter says conglomerates, which put together two or more businesses and operate in a variety of industries, are generally "out of favour." Many trade for less than the combined worth of their underlying businesses. At the same time, "pure play" conglomerates are in favour as they can earn high profits by focusing on a single industry they know well. Fortis is one such conglomerate, and the newsletter maintains its buy recommendation for the stock.