We have already started to see some consumer resistance on high oil prices and this is obviously going to increase, and it will hurt consumer spending.
More Quotes from Howard Silverblatt:
You don't want to pay for 13 percent growth when you're only getting 8 percent.Howard Silverblatt
The bottom line is that the problem has definitely gotten worse. If this goes on much longer, it's not going to be just an investor concern, it's going to be a retiree concern.
Howard Silverblatt
It'll downshift just a little bit. But there's nothing wrong with that. You can't expect 20 percent profit growth forever.
Howard Silverblatt
Given the historically slow pace of change for dividends, the growth in dividend payers since January 2003 has been remarkable. Unlike the prior 20 years when the number of paying issues actually declined by 25, since the start of 2003 the number of paying issues within the SP 500 issues has risen by 10 to 386. For the remainder of 2006, we expect a continuation in both dividend increases and initiations among SP 500 constituents, resulting in another double-digit gain in dividend payments.
Howard Silverblatt
The idea that they would pay a dividend was a changing of the guard.
Howard Silverblatt
For the companies, to bring the money back at this rate was a no-brainer, ... Even if they were not planning to make use of the money immediately, when faced with the option of tapping the funds at a 5 percent tax instead of 35 percent, most of them just decided to do it -- it makes sense.
Howard Silverblatt
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