By: Dividend Sensei
Warren Buffett famously talked about how he likes to wait for “fat pitches”:
“I call investing the greatest business in the world because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There’s no penalty except opportunity lost. All day, you wait for the pitch you like. Then, when the fielders are asleep, you step up and hit it…
“Wait for a fat pitch and then swing for the fences.”
This 5.7% yielding dividend aristocrat is one of the fastest-growing companies in America right now and is blessed by incredible management with a mind-blowing track record of beating expectations. In fact, it’s beaten EPS forecasts in 92% of quarters over the last four years. Yet right now it’s priced for negative growth and is almost 50% undervalued, representing an anti-bubble stock with the potential for exceptional short and long-term total returns that are 5X that of the S&P 500.