Posted on September 22, 2022
Genuine Parts Company (NYSE:GPC) is best known in the investment world for its dividend payout record.
The company has an unbroken, 66 year history of raising its shareholder remittance at least once every twelve months.
And that’s impressive.
At the same time, stocks don’t drive one way northbound forever.
And it looks to us like GPC’s latest 30% run higher – in just three months – is overheated.
Anyway, for all of GPC’s hydraulics, pneumatics, hoses and gaskets, this Atlanta, Georgia outfit’s race has now been run.
Look at the fundamentals –
Bottom line is the stock began making moves this year when the prospect of buying a new car took a back seat to holding on to the old jalopy, because no one had any money.
Going forward, though, prospects are devilishly flat.
are all taking a bite out of earnings.
And that’s not likely to change soon.
And a nasty election on the way.
And the FED.
And climate change lockdowns.
And civil strife.
And who knows what the hell else…
In other words, book it.
Many happy returns!