02-06-2015, 09:28 AM
(02-06-2015, 09:10 AM)hendi_alex Wrote: Different business, but in my opinion Emerson Electric represent better current value as compared to many of the DG stocks. Company has low debt, has a ton of cash, modest 56% pay out ratio, and forward p/e of 14. Share price is well off of 12 month highs. Current yield yield of near 3%. I'm considering EMR for a covered call play, as the yield fails to meet my cut off of 4%.
Bought some of that too.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan