Did you ever stop to think that this has a high P/E, because it's allways been a strong performer in the Market and sector it's in so people are willing to pay a little more for solid performance. I'll ask you again, what credentials do you have to analyze and bad mouth a stock rated a Buy by most?
It sure has paid an nice steady didvidend for anybody smart enough to buy it at the offering, or when the whole market is down. Aren't you going to feel like Chicken Little when this holds it's own and goes higher? I for one love the 4% div. that I get. And never once has it dipped below the opening price of it's original offer. Most people are happy to see a company buy its shares back. Why do you have a problem with it. Are you against making money?