12-04-2018, 10:18 AM
Jumped on the HD bandwagon and initiated a position. Current P/E is within spitting distance of the 10yr average earnings growth rate, and about 15% below the 10yr average P/E of 21.3. Doubt they can keep up the 25%+ dividend growth rate for much longer, but anticipate that it will see double-digit growth that well outpaces inflation for years to come.