Dividend Growth Forum

(03-12-2021, 10:45 AM)fenders53 Wrote: [ -> ]Sold another BMY put before Ex Div.  Support as good as it gets and a reliable weekly income stream for a long time.

"Great minds..." I sold two similar puts this morning

added LMT, AMT and took a starter position in some beaten down stocks I like SPLK and LRCX

(03-12-2021, 01:19 PM)ken-do-nim Wrote: [ -> ]

(03-12-2021, 01:17 PM)crimsonghost747 Wrote: [ -> ]Initiated a position in NVO.
Looks like an awesome company. All the things we love to see in our steady DGI companies with quite a bit of long-term upside. (just my view)

It's quite expensive though, I wouldn't want to start a large position at these levels but it's good to nibble a bit here and there.

I'm confused.  NVO is at $70.74.  5 years ago it was at $55.79; how do you deem it expensive?

Charts are funny that way. Let me start off by saying that I don't have a great understanding of the company's past. 
But indeed, up 25% in the past 5 years, seems pretty normal right? 
But if you pull up the 2 year chart, you'll see it's +40% in the past 2 years. That's a pretty big jump.

I personally think a P/E of close to 30 is a lot for a mature pharma company that relies on a very limited amount of drugs. And covid didn't really affect their 2020 earnings that much, so a sudden decrease in EPS doesn't explain the high P/E either. The company is good, it has it's risk. Historically all the juicy numbers I look at (revenue, eps, cash flows, debt) are trending in the right direction. But I just haven't seen the kind of movement in those numbers that I would want to see if I am paying 30x earnings.

(02-25-2021, 10:25 AM)fenders53 Wrote: [ -> ]

(02-25-2021, 10:00 AM)divmenow Wrote: [ -> ]Bought some LDOS. Between the earnings miss and short report I haven’t seen it this low in a while. So I said why not lol. You in on this one too Fenders ?

I haven't researched it.  Hadn't heard of it until you and Otter were discussing it last week.  I am trying to not add too many more new names.  We'll see how long that lasts. 

What I need is for tech to get hammered for real again, but this market is resilient.

Very small trades this morning.  Added a few shares to DG-ARKF  Sold a few SLV puts.

(03-12-2021, 04:02 PM)crimsonghost747 Wrote: [ -> ]

(03-12-2021, 01:19 PM)ken-do-nim Wrote: [ -> ]

(03-12-2021, 01:17 PM)crimsonghost747 Wrote: [ -> ]Initiated a position in NVO.
Looks like an awesome company. All the things we love to see in our steady DGI companies with quite a bit of long-term upside. (just my view)

It's quite expensive though, I wouldn't want to start a large position at these levels but it's good to nibble a bit here and there.

I'm confused.  NVO is at $70.74.  5 years ago it was at $55.79; how do you deem it expensive?

Charts are funny that way. Let me start off by saying that I don't have a great understanding of the company's past. 
But indeed, up 25% in the past 5 years, seems pretty normal right? 
But if you pull up the 2 year chart, you'll see it's +40% in the past 2 years. That's a pretty big jump.

I personally think a P/E of close to 30 is a lot for a mature pharma company that relies on a very limited amount of drugs. And covid didn't really affect their 2020 earnings that much, so a sudden decrease in EPS doesn't explain the high P/E either. The company is good, it has it's risk. Historically all the juicy numbers I look at (revenue, eps, cash flows, debt) are trending in the right direction. But I just haven't seen the kind of movement in those numbers that I would want to see if I am paying 30x earnings.

Thanks for the explanation!  I do see the 2 year increase.  Kind of similar to another biotech company I'm watching, XLRN.  Check out the last 2 years spike on that one!!!  I have no idea why.

Didn't buy anything today. I am glad I did on the tech dip but I have some funds to invest. Not much out there catching my attention so I better dig deeper. Maybe add a little PEP because I don't think it will get destroyed a week later lol. I'll scour for a tech stock still down too.

All I bought today was some Brookfield Infrastructure Properties (BIP) on a 4% dip.


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I’m taking a vacation away from divided stocks for a while lol . I’m going to be patient and wait for the big correction if and when it comes lol. Just have to wait it out. Not chasing at this point.

Most everything I follow is way over valued and very few divided stocks I would be buying even if they were to drop 8-10 percent. I need a much bigger dip.

PEP ok here but it’s still over valued. PE of almost 26. I would add at $120 or under. Just no reason for me to buy here. Just don’t see much upside here. Sure you can collect the dividend while you wait. But if I’m going to do that mine as well just buy T Lol. I see it in a trading range for a while.

LMT, TGT, HD, DG, TSM, QCOM look like decent adds

Utilities need to correct more. Some have rallied off their lows too much in recent weeks. Oil and banks running and tech seems to be the buy now. Can’t believe I just said that LOL

I have been adding AVGO in recent weeks. Purchased 32 shares total in the $427-431 range. It’s now my 3rd largest holding.

I also added to AAPL, BABA and CRM. These have come down enough where I feel very confident buying.

For the most part we just pick and choose which ever historically high PE we think might run higher. Buy the dip and tell ourselves it's a good deal vs something else. That has been working for a long while. My port is way past ATH. Whatever dipped two weeks ago runs the next week.
I will just enjoy it while it lasts. Everything I own is running except pharma and defense which are among my favorites. Can't believe I am trimming a few UTEs I bought early this month. It's just become a game we try to make sense of.

The dividend stocks keep on paying unless we turn the port into a trading game. I keep my core positions mostly in tact. That's always worked over time for most here.

(03-15-2021, 08:50 PM)fenders53 Wrote: [ -> ]For the most part we just pick and choose which ever historically high PE we think might run higher.  Buy the dip and tell ourselves it's a good deal vs something else.  That has been working for a long while.  My port is way past ATH.  Whatever dipped two weeks ago runs the next week.
I will just enjoy it while it lasts.  Everything I own is running except pharma and defense which are among my favorites.  Can't believe I am trimming a few UTEs I bought early this month.  It's just become a game we try to make sense of.

Eventually that theme will run it’s course lol. I’m all for just buy anything and everything. It will keep sky rocketing  :

I think no one wants to be short after the GME and all these crap stocks they run up lol. Sooner or later the market will get it right and back to norm. Right now every teenager and young investor think stocks are an easy way to make money. But that day is coming where they will be jumping out windows ? 

There will be speed bumps but just too much liquidity for the party to end real soon. I'll just try not to be greedy. If I take some profit along the way and buy PEP or another solid DGI stock. Those longterm shares will not be swept away when the bad times arrive.

And yes piling on a heavily shorted stocks has never been so dangerous. I'm not sad to see that because they don't play fair and harm imperiled companys.

(03-15-2021, 09:00 PM)divmenow Wrote: [ -> ]

(03-15-2021, 08:50 PM)fenders53 Wrote: [ -> ]For the most part we just pick and choose which ever historically high PE we think might run higher.  Buy the dip and tell ourselves it's a good deal vs something else.  That has been working for a long while.  My port is way past ATH.  Whatever dipped two weeks ago runs the next week.
I will just enjoy it while it lasts.  Everything I own is running except pharma and defense which are among my favorites.  Can't believe I am trimming a few UTEs I bought early this month.  It's just become a game we try to make sense of.

Eventually that theme will run it’s course lol. I’m all for just buy anything and everything. It will keep sky rocketing  :

I think no one wants to be short after the GME and all these crap stocks they run up lol. Sooner or later the market will get it right and back to norm. Right now every teenager and young investor think stocks are an easy way to make money. But that day is coming where they will be jumping out windows ? 

I agree. We will take a pause here as valuations are way too extended. There are pockets of value but that pocket is very small lol

I like some oil. BP is one I have been adding too. I added more this morning at $25.78. I think we get back to $35-36 by end of summer. Still pays a nice dividend

Bought MRO as well on the dip

I bought at least 1 share (if I didn't already have it) of everything on my plan (see other thread) except Amazon, Shopify, and Google who are up today and are too expensive for dips. I will see how they fare tomorrow.