Seeking Alpha

Don Joe  

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  • Buy Eaton While It's Still Cheap [View article]
    I really like the value this company provides. Yields more than a 30 year treasury with a long standing record of healthy and stable dividend growth. Cheap by almost any metric, including many not shown in this article. Margins are healthy and the business is well diversified both geographically and with their product line.

    Their balance sheet is strong and their credit rating is excellent. In fact, their recent issuance of 9 and 11 year bonds pay less in interest than their dividend yield! (~3.6%) When your cost of capital is that low and your able to acquire profitable businesses which you can integrate in to yours and add value, the future is bright.
    (Disclosure: I recently took a long position in ETN)
    Jul 18, 2012. 08:34 AM | Likes Like |Link to Comment
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