08-10-2014, 07:55 PM
I agree, Dan. Consistent grower and a great business. I don't know how many businesses I've been into and seen a Grainger catalog sitting on the shelf.
I caught some shares at half price during a flash crash in 2009 or 10 (can't remember). It kept running up and up and the dividends kept increasing. I finally unloaded it when the P/E got too high and the yield got too low. I should have kept a partial position since it is such a consistent grower. It is one of my mistakes.
I don't think Amazon is that much of a threat for the foreseeable future. They just don't have the depth nor expertise in industrial products that GWW has. Sure, you can find anything single item cheaper but any company that is managed well won't tolerate hundreds of vendors (read: Amazon affiliates), the lack of terms and managing the purchasing headaches. The internal controls expenses add up fast.
With your time frame, I'd hang on for the long-term. I think it will be one of those companies that rewards you very well in the future.
I caught some shares at half price during a flash crash in 2009 or 10 (can't remember). It kept running up and up and the dividends kept increasing. I finally unloaded it when the P/E got too high and the yield got too low. I should have kept a partial position since it is such a consistent grower. It is one of my mistakes.
I don't think Amazon is that much of a threat for the foreseeable future. They just don't have the depth nor expertise in industrial products that GWW has. Sure, you can find anything single item cheaper but any company that is managed well won't tolerate hundreds of vendors (read: Amazon affiliates), the lack of terms and managing the purchasing headaches. The internal controls expenses add up fast.
With your time frame, I'd hang on for the long-term. I think it will be one of those companies that rewards you very well in the future.
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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