Shares in JB Hi-Fi Limited (ASX: JBH) are falling today, slumping 7% to $20.16.
This comes only a day after the electronics retailer smashed revenue and earnings expectations and announced a 7% jump in the full year fully franked dividend, pushing its share price up by 10%.
Today's share price fall is likely a case of profit-taking, perhaps exacerbated by the weak business confidence numbers out today from the latest NAB survey.
JB Hi-Fi shares trade on a P/E of 14.5 and a fully franked dividend yield of 4.5%.
At these levels, JB Hi-Fi is the classic Goldilocks stock — not too hot, not too cold, but just right.
