All good thinking Steven....
EXCEPT.
Yeah -- except that you have to remember why we invest. We invest to MAKE MONEY... We invest for TOTAL RETURN.
With an under 2% dividend -- then you're going to need some capital appreciation.. and that's been lagging in this name -- and really the "growth" is a spurt from 2009 til now. So the last 3 or 4 years accounts for most of their growth ----- and that's what you've said so good for you for recognizing that. Now what you have to get your head around is --- what's fundamentally changed -- or is that just market forces.
Personally -- I'm going backwards with a 2% dividend... because inflation is always that much.... so without the growth in share price... then ya have to ask yourself what ELSE could you invest in and do better. Remember - we always have choices.
For fun - 'cause we're car guys I compared SNAP-ON (SNA) to WD-40 (WDFC) and they were basically neck and neck... I could see no reason to own either (even though I'm a diehard Snap-On guy!).
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