Paul, just a couple clarifications and opinions on what you wrote.
*I believe management conservatively "guided" to around $6.85 EPS this year, and that reasonably conservative expectations for 2021 are around $7.05-$7.10. Still, that's pretty much a 30 P/E.
* Unfortunately, my combined tax rate is more than double 15%. My net would be around $165/share.
* AEP's yield is around 3.7% and PNW's is about 4.3%. Neither guaranteed, of course. Another option for me would be my first ever ETF, SCHD, which has an expected distribution yield in the high 3%s. Replacing the income would not be a big problem, even after taxes, but since I would likely sit in cash for awhile, that affects the outcome.
Yeah, bleach is definitely bleach, but some brands, at least, still have value. During times like present during the pandemic, people feel better (with some justification, I think) using Clorox wipes--and maybe, even their bleach--MMM N-95 masks, etc. Whether Clorox can translate this into increased consumer loyalty to their brands long-term is, of course, the question.
I appreciate your thoughts and reply. |
