03-28-2015, 08:29 AM
For a growth stock that pays a nice dividend, I will break my P/E rule of under 20. Within reason. I'll go up to 25 and 30 on a rare occasion. Much higher than that and you're paying for the rosy future and the future might not be so rosy. Visa and AMex fall into this category for me. Waiting for a dip before I buy them. I've missed out on some impressive gains, but I'm too conservative to chase the high flyers.