Replies to post #6991 on The Rising Influence of Rising Affluence

[scstocks]

sorry jbog, I must have missed your call on the s and p's expected rise back in 2009.....

I can say that reinvesting dividends back into pcl since October 2002 caused an increase in shares of nearly 100% and a price increase of 19 to 52.....

Not 2009, but not too bad either......

[DewDiligence]

They [compounded dividends] were not removed from the calculation.

Compounded dividends were omitted from your calculation, which is why you posted “49% plus div” earlier in this thread when discussing PCL’s performance; in other words, you were too lazy to do the arithmetic. Including the compounded dividends, PCL has returned 66% during the past four years.

I wasn't talking about the 'average S&P 500' stock, I was comparing to the S&P average. It's silly to think any one stock is 'safer' than the average.

It’s not silly at all. In the event of a major market downturn, it’s likely that PCL will hold up considerably better than the S&P 500 in the aggregate.