"Stock split 14x. The last few years for stocks they really havn't done anything but 3:2 bullcrap." Oops, I need to correct that.. I was thinking about another company not this one. This one has only had 5--2:1 stock splits. They need to milk it a little more before insiders give them one more 3:1 stock split so they can go out like Jack Welsh did.
It is expensive because they have zero debt, and close to a billion in the bank. They are still profitable, and pay a dividend. It is expensive because you get what you pay for. A well run company with conservative financial policy, and dividends. This is not a day traders company. This is a long term wealth company. I have been buying this stock for a long time, and although the last couple years have been lackluster, I am still convinced it is a great long term investment.
I understand the argument about quality...the question is if the quality justifies the premium price. Is the margin of safety smaller and what is the expected return at current prices? Can EXPD double in 4-5 years for a 16-20% annual return?