Dividend Growth Forum

Full Version: What Did You Buy Today?
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767
Added to BTI and VIAC. I'll continue to add to these two as long as the P/E stays so low.

crimsonghost747

Nothing wrong with NOC either, I wouldn't mind owning that one too.
But LMT is actually very well positioned going forward.

-The F-35 is quickly becoming the #1 fighter (in term of aircraft in use) in the world. Yeah, the program had it's issues but name one fighter aircraft that was flawless the second it was put on the production line... I'll wait. Wink Anyway, the F-35 will be the most commonly used aircraft in the western world and will likely remain that way for a good 20-40 years... this is a multi-decade long project. New aircraft (most countries are still waiting to buy more. Switzerland just signed a deal to buy the F-35. Finland will very likely sign a similar deal towards the end of the year. Middle eastern countries aren't really allowed to buy it yet, that will very likely change at some point paving the way for massive deals), upgrades, updates, spare parts, maintenance contracts etc. This project will be a massive cash generating machine for decades to come.

-Space, the next frontier. Space is heating up, mainly in the commercial side of things. This is what most people do not understand: around 20% of LMT's revenue already comes from space related activities, both civilian and military. It's a rapidly growing sector where LMT is very well positioned to win contracts from both commercial clients as well as the US government. People don't realize it but LMT is a massive player in this field already.

-Check what the Patriot franchise has done to Raytheon. THAAD could do the same to LMT. While this project is not nearly as certain as the F-35, this could be another multi-decade long project with significant international interest.

LMT won't take you to the moon. No wait actually they will literally do that. But what I mean to say is it might not be the fastest grower out there but revenues, EPS, cash flows, dividend will all keep growing steadily for the foreseeable future. Couple that with a starting yield of almost 3% (growing ~10% per year) and a current P/E of ~14... the only real risk here is Uncle Sam making huge cuts to defense spending. I'm ok with that risk! Big Grin

ChadR

Added to AVGO today.
I think under Biden we will see less spending on defense but global appetite for these systems isn't going anywhere. Specially with China flexing muscles and asserting itself as next big power.

I have LMT and woukd love to pick more under $340is for long term.
Added a few shares of LMT. Extremely confident long term.

Dario33

Added to LMT and BTI as well. My entry point for AVGO has been 450. Not sure that will come anytime soon.
I'm not as confident in LMT. There's just no rush to buy right now, when you can get at $330 in a few months. Ever since Hewson retired its been a mess. And now you have CFO who left and has only been there since 2019. Not good. Sure they make a ton on money but LHX and NOC has out performed them for good reasons.

Great company and great dividend, just not at a price I'm willing to buy yet. Especially when its now below the 200 MA.

Anyway added to BTI, FB, V, UAA and SAP

Sold out of WM and LB
I didn't buy anything today, and haven't made a lot of moves in the past year or two, but owe you all a quick update. In the spring of 2020, I did some shopping during the pandemic fire sale -- picked up some BEN, DIS, MO, OHI, and XOM. More recently, I've been accumulating BTI pretty aggressively.

As I am working to update my spreadsheets, I'm thinking it may be time to do a little house-cleaning (especially of my smaller positions). For starters, I'm strongly considering dumping my small position in PSX, and plowing the proceeds into still more BTI.

Dario33

Any fans of SMG? I added some today on the dip.

crimsonghost747

What is this deal with everyone buying massive amounts of BTI all of a sudden?
Didn't you guys and gals get the memo about cigarettes being a dying industry? I think I sent it around 2013 or 2014. Big Grin
(08-04-2021, 02:54 PM)crimsonghost747 Wrote: [ -> ]What is this deal with everyone buying massive amounts of BTI all of a sudden?
Didn't you guys and gals get the memo about cigarettes being a dying industry? I think I sent it around 2013 or 2014. Big Grin

Yield chasing.  Everyone's eyes are lighting up over that 8% figure.  It's been on the downhill slope since mid-June.   Cool
(08-04-2021, 02:54 PM)crimsonghost747 Wrote: [ -> ]What is this deal with everyone buying massive amounts of BTI all of a sudden?
Didn't you guys and gals get the memo about cigarettes being a dying industry? I think I sent it around 2013 or 2014. Big Grin

Yield chasing.  Everyone's eyes are lighting up over that 8% figure.  It's been on the downhill slope since mid-June.   Cool
[/quote]
That's why we are buying it now.  Big Grin  Yield is all tobacco companies are good for.  I sell covered calls against mine as well and hoping for 10% return  We'll see.  

It may be a dream but I am hoping BTI has less political drama than MO.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767