i think thats an excellent and well balanced summing up veecat
mid range profits forcast today for the full year calculates to eps of 13.6c./ shr.x pe 10.0 = $1.36 shr. price.
to reduce the current over indebtedness (which is not necessary a bad thing if the debt ledger is a profitable one) percentage of profits payout in dividends has been reduced to 50% ie. 6.8 for fy or a yield of 5% on the current sp. so as you say the yield component will be much lower that available from many other stocks.
given that the market is crying out for high yield stocks i have also decided to concentrate on some other higher yielding stocks which also have good growth potential. nab, wbc, wes, moc, rcg, rfg,
good luck to all
gk
CLH Price at posting:
$1.34 Sentiment: Sell Disclosure: Not Held
