12-19-2013, 02:15 PM
(12-18-2013, 05:35 PM)jmjor Wrote: I believe you're exactly right. According to ValueLine (you can get a free report on every Dow stock anytime) their revenue has declined for 3 straight years (barely), going from 106B down to 102B, they are projecting 2014 revenues of 104.5B. However, the "revenue per share" has increased since 2009, from $73 to $94 ($98 projected for 2014)
That seems like cause for worry, unless there is reason to believe that they'll be able to get revenues moving again after 2014. On the other hand, with their low payout ratio, they might be able to keep this up for quite a while more.