Summary
Church & Dwight has put together an exceptional business and investment record in the last decade.
On the shareholder side, this was driven, to a large degree, by an increasing earnings multiple.
This article looks at what could happen when an excellent business meets a lofty valuation.
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New Jersey-based consumer products company Church & Dwight (CHD), known for its leading Arm & Hammer brand, has been a terrific company. Earnings and dividends march upward year-after-year, without a down period since the turn of the century. The business has been a model of consistency.
Here's a look at how the business and security have performed during the last decade:
Data Source: Value Line
