On Jun 22, 7:00*pm, "Snag" wrote:
Cydrome Leader wrote:
Ignoramus18183 wrote:

Snap-On stock at 8 P/E, 4% yield, 16% return on equity, seems to be
quite cheap to me.

OK, tell me what am I missing. Competition from Harbor Freight has
not killed Snap-On. It enjoys a decent return on equity, which
suggests a superior competitive position and pricing power, which
you know already by looking at their exorbitant prices and what is in
mechanics' toolboxes. Manageable debt, cash flow commensurate with
earnings, etc. I think that financing problems of its franchisers are
overblown.

They have regularly been purchasing their own stock.

I think that they are attractively priced. Just $1,000 invested in
Snap-On stock, would yield enough to buy four Harbor Freight wrench
sets per year.

i

This guy is incredible- he's some investment expert now.

* Really got a hard-on for Iggy , doncha ? I find some of his posts amusing
, but overall he at least contributes to the group . Can you say the same
about yourself ?
--
* Snag
Tired of idiots
with agenda's .

please don't feed the trolls.