08-25-2015, 06:17 PM
(This post was last modified: 08-25-2015, 06:18 PM by Dividend Watcher.)
(08-25-2015, 04:03 PM)Kerim Wrote: Tomorrow I might grab some PH and some EMR. Thoughts?
Obviously, I like EMR since it's now in both our portfolios. Yielding almost 4% is a gift if you have patience.
PH at a ttm P/E around 14, Price/Cash Flow < 12, Price/Sales around 1.2, total debt/total cash on hand of about 1.6 (really low for an industrial -- Yahoo shows over $13/share just in cash & equivalents) looks pretty good to me. The only thing giving me pause is the yield around 2.4%. Their dividend growth rate is around 10% or higher IIRC. Since you're younger than me, I don't see a problem. They are a cyclical industrial so in a good recession their earnings and share price will take a hit so you might want to buy in chunks depending on the business cycle. I think I've mentioned it several times before -- I like this company; excellent products and shareholder focused.
The rollover this afternoon hints that better pricing might be ahead. Lowball GTC limit order?