(04-22-2020, 09:57 AM)Otter Wrote: And UPS and VFC, because why the heck not.

(04-22-2020, 09:18 AM)fenders53 Wrote: ABT is a great company long-term and Pharma is a safe haven right now.  It's as if all of them will cure the virus.  Most will miss out of course.  They are pulling earnings guidance.  I always have a lot of pharma and I bought a lot more on the big drop.  Now I'm overweight so I trim.  Doesn't make ABT a horrible buy today.  I just see better value.  I'll add more ABT some month soon.  These drug stocks dip and rise several times a year.  If you never sell then buy stocks when the values happen.  Your entry price does matter. 

This is what makes the forum very good IMO.  Disagreement seems to be welcomed here as long as you present a thoughtful opinion.  I adjust my positions when I am presented with logical arguments from any of the members.  I'd rather make money than "win the internet" lol.

(04-22-2020, 10:35 AM)DividendGarden Wrote:

(04-22-2020, 09:18 AM)fenders53 Wrote: ABT is a great company long-term and Pharma is a safe haven right now.  It's as if all of them will cure the virus.  Most will miss out of course.  They are pulling earnings guidance.  I always have a lot of pharma and I bought a lot more on the big drop.  Now I'm overweight so I trim.  Doesn't make ABT a horrible buy today.  I just see better value.  I'll add more ABT some month soon.  These drug stocks dip and rise several times a year.  If you never sell then buy stocks when the values happen.  Your entry price does matter. 

This is what makes the forum very good IMO.  Disagreement seems to be welcomed here as long as you present a thoughtful opinion.  I adjust my positions when I am presented with logical arguments from any of the members.  I'd rather make money than "win the internet" lol.

Agreed - this is a safe place to disagree and hear other perspectives.  I basically never sell, so I tend to agree with you in general.  There's just something within me that doesn't allow me to buy something at an all time high.  I just don't get it.  And I love pharma & healthcare.

(04-21-2020, 01:53 PM)ChadR Wrote: Added to DIS & OZK.

(04-22-2020, 11:36 AM)EricL Wrote: I have zero problems buying a stock at new all-time highs, as often-times that means a breakout where price can go much higher.

I do shy away from buying at all-time highs when a stock is trading at all-time high valuations, and is trading there despite EPS estimates for 2020 being cut.

According to FAST Graphs, ABT is trading at a blended PE of ~30. This is the first time its traded at that multiple since January of 2002.

ABT is priced for perfection, and is getting a huge premium due to the publicity of its COVID-19 diagnostic tests.

Just keep in mind, this is a $165B company, and there are also other parts to the business that are struggling due to the pandemic.

I haven't trimmed my position yet, but I'm strongly considering taking some off the table to fill out my BMY position.

(04-22-2020, 12:21 PM)kblake Wrote: New position in AJG. I have always wanted to own this name.

Bought O as well because of its tenants. Home Depot, Sams Club, Walmart, Dollar Stores. You cant go wrong with this company at these levels. I would add more under $45

I may buy T today but am hoping for $27-28