Growth is not everything when it comes to assessing an investment. Even a business where profit is flat can be attractive at the right price. This is particularly true if it is able to pay an attractive and well-covered dividend.
A strong market position with long-term contracts provides some security for revenues even if the company’s market is on the decline. Investors understand this and will discount the share price and give the shares a low rating. However, sometimes this pessimism can ...
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