01-29-2018, 11:26 PM
I sold DPS this afternoon, so it was up something like 24% on the day when I sold.
I have MKC at a 25.3 trailing PE and 22.2 forward according to FAST Graphs.
Not cheap, but not out of line considering the market and how other staples are priced. Analysts expect ~10% annual growth going forward too, so I figured it was a fair swap compared to what I was getting out of my old DPS.
I have MKC at a 25.3 trailing PE and 22.2 forward according to FAST Graphs.
Not cheap, but not out of line considering the market and how other staples are priced. Analysts expect ~10% annual growth going forward too, so I figured it was a fair swap compared to what I was getting out of my old DPS.