|HOLD||$15.120||UNKNOWN||NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION||No|
High-quality. Everyone understands the business and everyone understands age demographics. The service this company provides is going to continue to be in demand. What has helped them, is what he believes is hurting them at this point. Some of the names such as this have seen a real inflow of capital, so are trading at all-time high multiples. When there is a correction, it tends to be quite sharp. Too expensive at this time. Dividend yield of 3.8%.
Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James
Moat is an overused term, but these guys have one. There is also a scarcity premium given the space has shrunk with all the takeouts. Those are some of the reasons it trades at a premium although it could temporarily pull back if rates spike. Good long term hold regardless.
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