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by phkahler
1527 days ago
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>> Not sure if a P/E of 18.38 is so so attractive, it looks neither cheap nor expensive for something that will at best keep up with the (nominal) GDP growth P/E is just an indicator (E/P) of what dividends could be. In this case the return is real and is over 5 percent. But it's not quite the same. As others have pointed out there is no physical asset behind the investment. OTOH it appears there is also no way to "cut the dividend" ever, so it's as solid as the brand. |
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