Heinz yields 3.9 % dividends. I can hardly resist such juicy dividends, considering that, according to Yahoo finance:
- HNZ has a honest 16 P/E ratio.
- HNZ is supposed to grow its earnings. Next year P/E is supposed to go to 14.
- HNZ has increased its revenue 2.5% in a difficult year, which is good even though they must have reduced product prices, sending earning -16%.
- HNZ is a conservative bet. During last horrible year it performed OK, unlike most socks. I guess people buy ketchup even during recessions. At the end of the year I’m quiet and want to play safe.
- Heinz has a low debt level around 40% of its sales.
- Last but not least, my children love Ketchup. If I cant even explain them that ketchup is the death of good taste, I won’t be able to spread the word, no matter how may Posts I Blog!
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