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.