09-02-2022, 10:59 PM
(09-02-2022, 02:20 PM)EricL Wrote:(09-02-2022, 02:13 PM)vbin Wrote:(09-02-2022, 01:40 PM)EricL Wrote:(09-02-2022, 11:40 AM)MrFortune Wrote:(09-02-2022, 09:48 AM)EricL Wrote: Sold out of my MMM due to lack of growth and concerns about litigation regarding its earplugs and chemicals division.
Opened a new position in LII and added to positions in EXR, TROW, and TSCO.
A little late selling MMM. Should have sold a month ago 40 points higher
I added TSCO as well today and a bit more VLO
Yeah, I agree.
Got tired of looking at it. =)
I might start a position in mmm under $100. I don’t think anyone wants them to go bankrupt. They just want to milk.
I don't think they'll go bankrupt, but I don't see where the growth is coming from either. The last 4 dividend increases have been 5.88%, 2.08%, 0.68%, and 0.68% and now they have litigation and are talking about spinning off businesses.
Having dealt with the GE drama years back, I decided to make things simple and just cut the cord.
Not questioning your decisions and thank you for bringing growth and div increases in prospective even $100 seems a bit too much.