Interesting way to look at it.
This is one stock I tend to anguish about very little.
Yes, I know everyone tells me its expensive.
But that's what I've been hearing most of my investing life.
The lazy investor in me simply looks at the dividend that grows and grows and grows ... having compounded - uninterrupted - by over 10%pa for the past 16 years since I first came across the company.
And that's about where I stop thinking about it any longer.
See you in August.
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