just way too expensive, great co, just paying too much for the level of growth, yield not anywhere close to enough protection at these levels
Been waiting patiently and watching, got first leg on at 32.99. Will add more on weakness.
My plan is to be a long term holder for many years to come, hopefully decades.
dupont sustainable growth = ((1-payout ratio)*ROE)
((1-.91)*.0819) = ..70% growth vs a 15+ PE
I will be back, much lower to accumulate
Have followed ATR for over a decade
mgt is great, co is great, but the prices & valuation is not
I will get interested in the 20's again
Sentiment: Strong Sell