Mine Safety Appliances (MSA 2.32%) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers two-and-a-half reasons why he's holding on to Mine Safety Appliances' stock despite the 27% rise since he bought those shares a little more than a year ago.
Summary:
- Healthy balance sheet, with a debt-to-equity ratio of around 0.5.
- Covered and growing dividend, with a 50% payout ratio and a 42-year history of increasing that dividend.
- And the half-reason: Mine Safety Appliances' valuation isn't too far stretched to make it a compelling sell based on price.
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