Comments on: TEG – Stock Analysis for Dividend Growth Portfolio http://www.dividendtree.net/analysis/teg-stock-analysis-for-dividend-growth-portflio/ My journey of planting dividend investment seeds and watching it grow.... Thu, 31 Mar 2011 20:45:33 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Dividend Tree http://www.dividendtree.net/analysis/teg-stock-analysis-for-dividend-growth-portflio/comment-page-1/#comment-113 Dividend Tree Wed, 22 Apr 2009 13:32:36 +0000 http://www.dividendtree.net/?p=280#comment-113 Jean-David, I have not looked into PM yet. However, based on what other dividend investors, it does seem to be a good dividend stock. I have it in my watch list. Thanks, Jean-David,

I have not looked into PM yet. However, based on what other dividend investors, it does seem to be a good dividend stock. I have it in my watch list.

Thanks,

]]> By: Jean-David http://www.dividendtree.net/analysis/teg-stock-analysis-for-dividend-growth-portflio/comment-page-1/#comment-109 Jean-David Sun, 19 Apr 2009 18:49:48 +0000 http://www.dividendtree.net/?p=280#comment-109 Have you considered PM as a potential addition to your portfolio? I am not a smoker myself and I can understand that some people stay away for ethical reasons but it is a stock that seems to be valued at a decent price right now. Haven't done a proper DCF valuation yet but will try to look more into it. In qualitative terms, their brands are quite popular and revenue comes from outside the US where legislation is lax and potential growth is significant. Market leader in most emerging countries. Facing the threat of fakes from China. Met a PM rep a few weeks back and was told that this is an issue but not a deal breaker. Copies from china are low in quality and become a threat only in markets where government legislation is high as there is a significant price difference between the real Marlboro pack for example and the fake one from China. Out of the tobacco industry this stock has the most potential in terms of revenue growth. Current div yield is at 5.80% at 2.16 per share while EPS is at 3.32 (data from yahoo) seems sustainable... Again more analysis needs to be done. This is an industry with low capex and the firm is using FCF to pay dividends and buy back significant portion shares. Cheers, Jean-David Have you considered PM as a potential addition to your portfolio? I am not a smoker myself and I can understand that some people stay away for ethical reasons but it is a stock that seems to be valued at a decent price right now. Haven’t done a proper DCF valuation yet but will try to look more into it.

In qualitative terms, their brands are quite popular and revenue comes from outside the US where legislation is lax and potential growth is significant. Market leader in most emerging countries. Facing the threat of fakes from China. Met a PM rep a few weeks back and was told that this is an issue but not a deal breaker. Copies from china are low in quality and become a threat only in markets where government legislation is high as there is a significant price difference between the real Marlboro pack for example and the fake one from China.

Out of the tobacco industry this stock has the most potential in terms of revenue growth. Current div yield is at 5.80% at 2.16 per share while EPS is at 3.32 (data from yahoo) seems sustainable… Again more analysis needs to be done. This is an industry with low capex and the firm is using FCF to pay dividends and buy back significant portion shares.

Cheers,

Jean-David

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