What Did You Buy Today?

[Binary]

I also doubled my TGT position yesterday, but I did hesitate a while before I did it. It was a major drop and the price was suddenly 7-8% lower than my starting position's price. As to the pros - the P/S ratio is very-very low, P/E is low too, free cash flow in general is quite OK, payout ratio is doing fine too, yield is now above 3.5% which is historically very rare. As far as I remember they are continuing their share buyback program which is always positive in many ways.
Reasons why I hesitated before I pushed the buy button were the usual retail problems - declining sales (or actually it's quite flat), WMT and Amazon being superior on internet sales (however, I hope TGT will improve, they seem to have invested a lot), dividend growth is slowing down. Debt seems to be quite high compared to equity - debt is declining, but so is equity!
However, I still think that there is a lot of potential in this company, plenty of room for the dividend, and we'll see in a few years if they get through with their changes successfully.