Quote:
Originally Posted by GregWeld
I got a good laugh this morning --- with the market opening up nicely --- the talking heads on CNBC were talking about General Mills (GIS) -- yeah.... the cereal company. I'm like -- okay -- really? Cereal... WTF!?! Cramer calling it
a "dividend monster". So...... Of course I go out to see for myself why he'd be calling a boring old lady stock like General Mills a dividend monster. Well.. it pays a whopping 2.82% dividend. That's a dividend monster?
BUT here's the deal -- I look deeper -- and we come up with that TOTAL RETURN... which is really what we're after... and now this little old lady stock starts looking better... and it split 2 for 1 in June of 2010... and the TR for 5 years is 88%.
The reason I chuckled to myself when I'm looking all this stuff up is ------ most "investors" are always talking about the get rich quick stocks... Everybody is trying to find the next Dell -- or Microsoft -- or Google.... While in the meantime -- the little old lady has doubled her net worth in CEREAL over the last 5 stinky short years. Go figure.
I guess my point would be... INVEST -- best of breed? Dividend payer? And total return (growth in capital) doesn't have to be the next hot deal..... Facebook IPO anyone???  |
I watch MadMoney whenever I get a chance and he is always preaching best of breed dividend stocks for long term investing.