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URL:  http://boards.fool.com/because-of-the-current-economy-and-recent-pricing-26852122.aspx

Subject:  Re: Mid size Dividend growth stocks Date:  7/28/2008  8:44 AM
Author:  elvistmf Number:  5644 of 5655

Because of the current economy and recent pricing and past history and the fact that it offers a dividend I like EPAX.

The business model is to offer organized leadership and educational trips to high school and college aged folks. Cash money comes to the company up front. Airline tickets fees and fuel price changes go directly to the consumer. They don't compete with online or brick and morter travel agencies because of their focus.

Granted, the economy stinks right now. But Joe Consumer is not the target niche; Joe Ivy League is. Joe Ivy League has no problem sending Junior to Europe for 10 days wrapped under the veil of "education."

Currently a dividend near 3% which is still only about 30% of earnings (=sustainable). P/E is half it's normal (=eventually going up). Still lots of cash on hand.
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