Business
Business, 05.05.2020 02:57, Jordan0423

Garrett Corp. has been going through a difficult financial period. Over the past three years, its stock price has dropped from $50.00 to $18.00 per share.
Throughout this downturn, Garrett has managed to pay a $1.00 dividend each year. Management feels the worst is over, but intends to maintain the $1.00
dividend for three more years, after which they plan to increase it by 6% per year indefinitely. Comparable stocks are returning 11%.
If these projections are accurate, is Garrett stock a good buy at $18.00? How do you think the market feels about Garrett’s management?

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Garrett Corp. has been going through a difficult financial period. Over the past three years, its st...

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