09-03-2014, 04:43 PM
(This post was last modified: 09-03-2014, 04:44 PM by Robandcindy2.)
CL traditionally trades at or above it's normal PE ratio (15 year is 21.2)(10 year is 19.7)(5 year 18.9).
Personally it is a buy between $44 and $56...and 10 years from now????
On 1/31/06 it traded at $27.24. Not even 8 years later $64+....
Deep into Recession '08-'09 it was still above $30.
IMHO, it is just one of those stocks that if you just gotta have it, and the business is still sound, you pick yourself a range and pull the trigger in the range on a dip. Then close your spreadsheet and don't look back ...at least for a while.
51 years of consistent dividend increase? What's not to like?
Personally it is a buy between $44 and $56...and 10 years from now????
On 1/31/06 it traded at $27.24. Not even 8 years later $64+....
Deep into Recession '08-'09 it was still above $30.
IMHO, it is just one of those stocks that if you just gotta have it, and the business is still sound, you pick yourself a range and pull the trigger in the range on a dip. Then close your spreadsheet and don't look back ...at least for a while.
51 years of consistent dividend increase? What's not to like?
There are people who use up their entire lives making money so they can enjoy the lives they have entirely used up
Frederick Buechner
Frederick Buechner