04-14-2014, 03:16 PM
According to FAST Graphs, the average PE over the last 10 years is 19.4, so it appears the company is about 10-15% overvalued if you use a 22 PE based on an estimate of $3 for 2014 earnings.
CL has a great track record, but with just a 2.2% yield is priced a little too rich for my blood. It would have to drop to $57 (2.5% yield) or so for me to start getting interested.
CL has a great track record, but with just a 2.2% yield is priced a little too rich for my blood. It would have to drop to $57 (2.5% yield) or so for me to start getting interested.