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"T" is my largest position in my portfolio.
i don't know DLX that well as a company, but i think of them as the guys who send you 200 checks when you get a new bank account.if that's the kind of stuff they do, it would make me pretty nervous as a shareholder, as we all know checks are soon to be obsolete here in the digital age.that's probably why their dividend is so high, and their p/e is so low.i'd check into whether these guys have a plan for the future. i can already see it now: e-checking. you want to pay your plumber? you open your phone and send him the money.seems like DLX is going to be cheap/hated for a long time to come.not at all like PEP, which is a steady-as-she-goes staples company, able to evolve through the decades as trends change.you say you want growth and safety. i say DLX fails on both counts.