Portrait of a Beautiful Dividend Growth Stock
I don’t know why I remember this, but when I was a kid, I found a movie magazine in my grandmother’s house. It had an article that tried to describe the ideal movie star’s face (female persuasion). So they took, like, Marilyn Monroe’s mouth, Jane Russell’s eyes, and the chin, cheekbones, forehead, and hair from other actresses they considered to be best of type. Using the cut-and-paste technology of the times, they glued together pieces of pictures to create the ideal actress’s face.The result was a mess. Even to my young eyes, what they wound up with needed some work, shall we say. The lesson to me was that it’s as much about how things fit together, not just the beauty of the individual pieces, that creates a beautiful face.I think the same principle applies to companies and their stocks. The best dividend-growth stocks come in all shapes,... Read more