I drive and I own a car. So, I should be interested in VICOM. Sounds straightforward enough.
I have been looking at it for a year or so but found that the valuation was a bit rich.
VICOM is a stock that appeals to many investors as it has a good combination of growth and income. During one of the evenings with AK and friends, we had a lively discussion regarding VICOM's future too.
As is the case with any asset, when everybody wants a piece of it, price goes up. VICOM's price skyrocketed not too long ago. At those prices, its PE ratio was closer to 20x. I wasn't prepared to pay that high a PE ratio for the stock. It wasn't too long ago that the PE ratio was closer to 15x, I observed.
2014's EPS was 34c. Assuming 5% growth in 2015, EPS could be 35.7c this year......