(Source: imgflip)
Today the Dividend Kings had their weekly conference call and Chuck Carnevale mentioned that never in his 50 years of asset management experience has he seen such a bifurcated market.
By which he means that some stocks are in extremely dangerous bubbles, like 11/11 quality Super SWAN dividend champions West Pharmaceutical Services.
West Pharmaceutical Services (WST): 191% Overvalued, 5 Year Total Return Potential -9% to -3% CAGR
(Source: F.A.S.T Graphs, FactSet Research)
70 times earnings for any company harkens back to the "Nifty Fifty" bubble of the late 1960s.
The delusion