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Strategies & Market Trends : Value Investing
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To: Investor2 who wrote (19912)10/20/2004 12:37:12 AM
From: Paul Senior   of 78684
 
I2: CL does look attractive to me also on a relative dividend yield. (current dividend yield divided by S&P dividend yield and comparing this figure to previous years) I like relative dividend comparisons (year to past years) because this eliminates the effect of years where interest rates, and thus dividend yields, were much higher for stocks. (Reference: Spare & Tengler, "Relative Dividend Yield")

Thanks for your opinion, I2. I'm encouraged that you look favorably at this stock now.
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