The Nice Price: Some Dividend Stocks Now at Attractive Discounts

As a teenager in the early 1980's, just about every dime of any pocket money I had went towards either record albums (yes… the black… round things that hipsters are trying to bring back. Personally… I like where recorded music has gone. Try to put a double LP in the pocket of your cargo shorts) or cassette tapes. Columbia/CBS records (now part of Sony (SNE)) had a merchandising strategy called “The Nice Price”. The label priced albums from certain artists at attractive discount. Lucky for me, all of the stuff I was into was priced nice: Elvis Costello, The Clash, The Boomtown Rats, great stuff at an affordable price. All of the stuff on Columbia that I didn’t want, like Loverboy or Billy Joel, usually wasn’t discounted. Didn’t matter. Didn’t want 'em. So for a fair price, I built a decent record collection back in the day. It was all about the value. Back then, the P/E on the S&P 500 was about 7.5. I should’ve been buying stocks instead of The Clash’s London Calling or Elvis Costello’s This Year’s Model.... Read more