06-03-2013, 12:29 PM
quote:
Originally posted by DanielP
Doc,
My mistake; those #'s were quarterly earnings, but earnings are earnings and their earnings are only about 5%/year. No record.
I cannot justify the CEO's salary or whatever the $24 million expense taken was, as the article was pathetically poor on details. To a $3+ Billion/yr. company, 5 or 24 million dollars is a drop in the bucket (1%).
Throwing #'s around out of context is misleading at best, and claiming "record profits" is a flat out lie.
Have you really studied their financials? I think not.
Dan
I have looked at their financials - they are one of the best "blue chip" stocks around. 2011 dividend was 61 cents in I think 3rd quarter....
unfortunately little old ladies cant afford to buy them and put them in their portfolio because they have a sizable electric to pay.