it is cheap. A dividend yield isn’t a valuation metric. This stock hasn’t traded at this PE ratio in around 6 years, it usually trades mid 20s. It’s around 19-20 forward PE. This is cheap for a defensive staple. Not to mention the gap in PE ratios between Cole’s and wow is usually large, now closed. Yet WOW is a far superior business with better operation margins due to superior scale and logistics investment.
Call that a ramp all you want, but it’s the data. Wanting a 7-8% dividend yield like bank stocks can trade in distress is fantasy. You pay a higher price for a defensive staple because its earnings are lower risk.
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Last
$34.30 |
Change
0.220(0.65%) |
Mkt cap ! $41.90B |
Open | High | Low | Value | Volume |
$34.25 | $34.43 | $34.09 | $79.23M | 2.311M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5941 | $34.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.31 | 578 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5941 | 34.140 |
4 | 5329 | 34.120 |
2 | 5372 | 34.110 |
1 | 250 | 34.100 |
2 | 5138 | 34.090 |
Price($) | Vol. | No. |
---|---|---|
34.310 | 578 | 1 |
34.320 | 500 | 1 |
34.350 | 6063 | 3 |
34.390 | 3000 | 1 |
34.400 | 1893 | 5 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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