I wonder what elements of a good stock make it still a good stock x years later. My timeline is x = 10Y.
— eg: PAP gov of SG .. I have been long SG for decades. Can the SG ‘stock’ continue to be exceptional?
— eg: MSFT, PG, ABT
— eg: AAPL .. somehow revived, but I think it’s an exception to prove the rule that usually an iconic stock is unlikely to be a comback kid
— eg: IBM, HP, Oracle, Intel, Cisco
— eg: GE, Sony, Nokia, RIM
— high-yield, low-growth blue chips .. boring cash cows
- T:US is probably a leading example.
- Singtel is another well-known example.
How about the red chips? My view on gov red chips has changed. They seem to pay good dividends to compensate for very poor long-term trend. Gary felt red chips are profitable businesses, but widely perceived as low efficiency, low margin.
U.S. dividend stocks offer better long-term prospect. The red chips don’t qualify for my income ptf.