09-16-2014, 02:20 AM
(This post was last modified: 09-16-2014, 07:48 AM by Dividend Watcher.)
Low debt leaves a lot of room to maneuver during slow or down business cycle. Here are a few I own or like from the CCC list. LT Debt/Equity from the latest quarterly report, 10K or 10Q and some notes:
Yes but look at the revenues and earnings. Both on a steady down trend. They may stabilize at some point with the recreational, marine and airplane lines but where that will be I don't know.
- Ross Stores (ROST) 7% - LT Debt has stayed the same for the last 5 years while LT Debt/Total Capital has gone down every year for over 5 years running.
- Fastenal (FAST) 0% - have changed dividend schedule a few times in the past, sometimes quarterly and sometimes semi-annual, more sensitive to business cycle since it seems to have higher exposure to smaller businesses.
- FactSet (FDS) 0% - have deferred rent on liabilities but no LT Debt, low yield but great dividend growth rate for over a decade.
- Helmerich & Payne (HP) 1.6% - they do a lot of short term financing using notes and revolving credit facilities paid off from operating cash.
- J&J Snack Foods (JJSF) 0% - the pretzel company, high P/E and low yield, kicking myself for not taking a stake in the Great Recession.
- Lancaster Colony (LANC) 0% - 51 years of dividend growth but low yield.
- Lincoln Electric Holdings (LECO) 0% - welding equipment and consumables, 20 years of dividend growth but low yield.
- Lindsay Corp. (LNN) 0% - struggling with Iraq contract which it has not reserved for if unable to complete. (edited to add 'not' -- pretty material mistake)
(09-15-2014, 04:51 PM)Turvok Wrote: Pretty sure I read GRMN is debt-free as well
Yes but look at the revenues and earnings. Both on a steady down trend. They may stabilize at some point with the recreational, marine and airplane lines but where that will be I don't know.