Tuesday, October 2, 2012

Investopedia: McCormick - Great Company, Not-So-Great Price

When a company has paid dividends for the better part of a century, clearly it is doing something right. McCormick (NYSE:MKC) has a great business and management runs it well, but investor expectations run pretty hot for this leading spice company. While I can understand how investors may feel that overpaying for McCormick is preferable to taking a risk on a lesser company, I'd be cautious about paying so much relative to its growth potential.

Please read more here:
http://www.investopedia.com/stock-analysis/2012/McCormick---Great-Company-Not-So-Great-Price-MKC-PEP-YUM-HNZ1002.aspx

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