Boring, for lack of a better word, is good. Boring is right. Boring works. You could do worse for investment advice than to paraphrase Gordon Gekko in this way. Burritos trading at $400-plus a share and a price-to-earnings (P/E) ratio of 37? No thanks. DVDs and streaming content for $260 a share and a P/E of 187? I’ll pass. No, give me a company that’s been doing basically the same thing for 85 years with very little… Read More
Boring, for lack of a better word, is good. Boring is right. Boring works. You could do worse for investment advice than to paraphrase Gordon Gekko in this way. Burritos trading at $400-plus a share and a price-to-earnings (P/E) ratio of 37? No thanks. DVDs and streaming content for $260 a share and a P/E of 187? I’ll pass. No, give me a company that’s been doing basically the same thing for 85 years with very little debt, great management, and a dividend that has grown for 57 consecutive years — over half a century. Those are the types of stocks that make you rich and keep you rich. That’s Genuine Parts Co. (NYSE: GPC). Founded in 1928, Genuine Parts is the leading independent U.S. distributor of automotive replacement parts. Auto parts represent roughly half of the business, with industrial parts accounting for about a third, and wholesale office supplies and electronic materials making… Read More