Thursday, January 7, 2016

Stash your Cash in Eaton, symbol ETN

In the past I wrote a post called "stash your cash in Eaton", symbol ETN. Today I screened for stocks that

    (1) Have little or no debt
    (2) A growing dividend
    (3) A PE ratio less than 15.

I found 20 stocks using my Schwab screening tool but when I drilled into the details, Eaton came up on top. Take a look at the 2016 Stock Table below to view ETN's fundamentals.

Eaton is close to its 52 week low.   The range is $73.82 to $49.21.   I am buying today at about $49.60.    This stellar company has all the fundamentals of Dividend Machine and meets the criteria for my 2016 portfolio.  

Price to earnings ratio of 13.54 and a low D/E (debt to equity) ratio of .51 make it a compelling buy for me.   Moreover, a nice April $52.50 call is available for $1.65.  The expiration date is after the next expected ex-dividend of March 5, 2016.

I am going to stash more cash in Eaton, symbol ETN.

M* TheMoneyMadam 

Disclosure:  Long ETN with calls