I hadn't looked at GIS closely in a long time. For years the stalwart consumer staples have been so overvalued that I just didn't bother. But yesterday I read Tim McAleenan's recent article on GIS, and so I gave it a look today. Earnings growth is slow, and dividend raises are not likely to be exciting going forward, and the payout ratio is up around 70 percent.
On the other hand, yield is over 4.5 percent and you get into a super stable, no nonsense, core holding DG stock at a P/E ratio of 15 or below (depending on how you squint at earnings).
I'm strongly tempted to pick some up. Would love to hear everyone's thoughts.
Thanks!
On the other hand, yield is over 4.5 percent and you get into a super stable, no nonsense, core holding DG stock at a P/E ratio of 15 or below (depending on how you squint at earnings).
I'm strongly tempted to pick some up. Would love to hear everyone's thoughts.
Thanks!