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DewDiligence

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DewDiligence

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Re: jbog post# 8659

Friday, 07/18/2014 4:41:07 PM

Friday, July 18, 2014 4:41:07 PM

Post# of 29611
PCL—I’m more interested in the investment return (including reinvested dividends) from now on than I am in how the stock has performed previously. In the past few years, PCL has traded a lot like a “bond proxy,” but I expect this to change as the increasing cash flow triggers sizable dividend increases.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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