Anyone following this stock PJC is at a 7 year high having traded lately at just under $17.50.
I've been tracking this stock since 2006 when it was at $12.00.
It pays a dividend of $0.34/year yielding 2%. Last years earnings were $2.57 and the analysts predict this years earnings to be only about $1.05.
It has a low payout ratio now of only 13% and oaround 30% based on projected earnings.
It sold a big portion of its Rite Aid stake in Q1 which will generate abour $50M in profit.
I'm looking for feelings where this stock is headed. Please comment & advise.