As you may remember, On April 10, 2007 I moved Genuine Parts up to the number six slot in my rankings.  I did so because I expect Genuine Parts to earn about $5.12 in 2012.  If my forecast is correct, based on what GPC’s stock price closed at Friday, it means for every $100 of Genuine Parts stock you buy today, you’ll have claim to (ownership of) $10.30 of what GPC earns in 2012.  A pretty attractive future “earnings yield” compared with many of the stocks in the index. 

However, the price you pay for a stock and the returns you expect to receive from your investment are a BYPRODUCT of finding a need and filling a need.  It would be like worrying about ...

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Related Companies: Genuine Parts Corporation
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