No. of Recommendations: 3
I have mentioned that GPC dividend had dropped below 3% whereas it customarily is between 3 and 4%. I suggested that it may be due for a correction. Well no sooner said than done and the dividend is now 3.16%.

I don't know the reason for the correction. they are raising the dividend by 10% and profits look good. the only thing I could see was that revenues were not as great as anticipated. Profits were up, however.

At any rate, GPC continues to be our greatest holding by far.

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