Kimberly-Clark: Not Quite Cheap Enough

Summary

• KMB is a dividend aristocrat trading for less than 18x earnings.
• This means that this consumer staples play is much cheaper than the vast majority of its peers.
• However, due to a poor dividend growth outlook, I'm waiting for a wider margin of safety.

Photo by ASIFE/iStock via Getty Images

As many of you know, I’ve been having a very hard time identifying attractive value in today’s market. I’ve made it very clear that I am not interested in sacrificing quality, in terms of a company’s growth prospects, the width/depth of its competitive moat, the

Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.