It has a great income,balance,cash flow statement. Passed all the "Buffet like" criteria. (in fact he owns a little)Seems like a solid business and BDX has a durable competitive advantage.There was a recent price drop. I was thinking it was a well undervalued stock.Seems to have underperformed the S+P from about March 09 to today. Anyone have any feelings on any of this?I'm thinking about holding it for the long term.
BDX is a classic long term dividend growth stock. They increase their dividends at double-digit percentages every year, even during a recession. Here are the annual dividend increases for the past 5 years:2009 12.10%2008 15.80%2007 16.30%2006 14.00%2005 19.40%Look for another double digit percentage dividend increase in November.