Wednesday, 27 September 2023
Tuesday, 26 September 2023
The fast growths in the 80s and 90s have petered out. It is now a big company with steady revenues and earnings, throwing up a lot of free cash flows. It distributes most of its earnings as dividends. Those in this stock are mainly enjoying its steady dividends.
PBB is a stalwart in Peter Lynch's 6 groups of businesses.
You are owning a stock that is growing at a reasonable rate.
Own this when its price is fair or reasonable.
This is an example of owning a GARP company (Growth at Reasonable Price).