I think the growth will exceed 12% on the sheer basis of the US dollar losing value. Bernanke has printed way too much, the next fed chair will too.
The dollar will fall into oblivion, and I feel this company which takes basically income in every currency against the dollar will not only thrive but prosper very much so. I don't really see too much in the way of long term strengthening US dollar to make me feel otherwise
Take last quarter, they missed earnings only on a currency fluctuation, they technically beat earnings by a penny, the USD strengthening is a anomaly, there is no way it can strengthen over time at the rate we're piling on debt and printing.The chickens will come home to roost at some point and I feel very excited to hold such a big position in basically a hedge against the USD.
and FWIW, they project $731 and $6.81 dividend for Visa in 2022, staggering growth. Almost 500% on the dividend and 400% on the shares. They project $71.35 and 3.66 dividend for altria, see it doesn't have the growth of PM.
This post was edited on 6/24 at 2:00 pm