03-10-2021, 06:38 PM
I'm confused. Why is a P/E of 20 "solid" for a company that's decreased EPS over 14% annually for the last 5 years, a payout ratio over 100% and has a debt to equity ratio of over 3x? I get that it looks a little better when you consider price to cash flow but I don't think there's much else to recommend it. I'm not even sure T has underwhelmed that badly.
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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