The current CEO Doug Baker will not, according to some in middle management, split the stock. His predecessor, Allan Schuman would split the stock at about $55-$60 every time. I'm hoping the stock does go 2 for 1. Great company!
My wife inherited a bunch of ECO shares. I don't understand why the stock is selling at 38 times earnings. EOM for example sells at 9 times earnings, dividend yield of 2.6% covered four times by earnings; while ECO dividend yield is 1.2% covered two times by earnings. ECO sells soap, right? I see its product in urinals, in hospital hallways, hotels - but it's all cleaners, etc. etc.
Can you explain a little bit about why you think the price is as high as it is relative to earnings and prospects? Tell me the story, please!
That seems to be their history but nowadays it seems that massive prices are the status symbol you want. Look at Apple, IBM, Google among others. I would think that most ECL buyers are institutional and don't need small prices like small investors do.