A few of you have mentioned MKC in passing as a good DG stock to consider, but I don't think we've ever focused on it much. I was just having a look at it and would appreciate people's thoughts.
It is a nice straightforward company in a nice straightforward business. History and metrics are solid. Earnings growth has been steady, though not spectacular. Same with dividend growth. (Been raising the dividend for 29 years.) Payout ratio is below 50 percent. P/E is around 22/23 -- higher than I like to pay, but given the valuations assigned to consumer staple companies right now, it appears very reasonable in contrast. The yield is an ok but unexciting 2.11 percent.
In addition to very solid performance, there is with luck the tailwind of continued international expansion. Hard to get really excited about it, but could be a solid contender.
What do you think?
And does a spice company have a moat to speak of?
It is a nice straightforward company in a nice straightforward business. History and metrics are solid. Earnings growth has been steady, though not spectacular. Same with dividend growth. (Been raising the dividend for 29 years.) Payout ratio is below 50 percent. P/E is around 22/23 -- higher than I like to pay, but given the valuations assigned to consumer staple companies right now, it appears very reasonable in contrast. The yield is an ok but unexciting 2.11 percent.
In addition to very solid performance, there is with luck the tailwind of continued international expansion. Hard to get really excited about it, but could be a solid contender.
What do you think?
And does a spice company have a moat to speak of?