Better than Bonds
Some years back I used to enjoy reading a research report that was published periodically by Credit Suisse called “Better than Bonds”. The concept of the report was fairly straight forward as I remember it. At the time, dividend yields on many high quality stocks were the same as or greater than the yields on the same bonds. Therefore, if an investor was willing to buy a portfolio of the corporate debt of these financially sound companies, why not just buy the same stocks