If you're a cereal company it's not likely you're going to have fifty companies run out of a garage nipping at your heels. Tech companies do have to continue to innovate.
More Quotes from James Denney:
From a competitive standpoint, before, generally technology companies didn't pay dividends. Now they have lost another argument for not paying one,James Denney
I have to assume that dividends is a big conversation in boardrooms right now. I don't get the sense that companies need all this money for research and development and buying back stock.
James Denney
It will be a slow evolution. Dividends are a long-term investor's focus and for folks that are more short-term oriented it's not essential. And let's face it. A lot of tech investors tend to be shorter-term investors than average investors.
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Looking closer at the entire group, I think the clouds will clear on drug stocks sooner than on Merck as an individual company, ... Yields are attractive for the entire group.
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I don't think it's going to run away on the upside any time soon. Fallen angels tend to take awhile to get some confidence built back up,
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This used to be a government of checks and balances. Now it's all checks and no balances.
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Oh, I just wish someone would try to hurt you so I could kill them for you.
Frank Sinatra