I was incorrect re COF's ratios being v v high!
ETrade's forecasts are v v high!
for 2010 2011
I used ETrade's forecasts of
eps 14.8p and 18.0p
dps 12.6p and 13.7p
I am now using estimates
eps 11.0p and 13.7p
dps 10.0p and 12.5p
resulting earnings% normal range 9.7% and 12.1%
gross div yield high at 12.6% and 15.7%