01-27-2015, 10:01 AM
Started a small position in EMR in my wife's portfolio. Using the last 3 quarters GAAP earnings and adding in the bottom estimate for the latest quarter gives a P/E just under 16. Luckily, with the quick selloff at the opening today, got it for $1 less than my limit order I put in over the weekend.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan