What Did You Buy Today?

[Otter]

(06-26-2019, 07:44 AM)fenders53 Wrote:

(06-25-2019, 04:00 PM)vbin Wrote:

(06-25-2019, 02:35 PM)NilesMike Wrote:

(06-25-2019, 09:12 AM)vbin Wrote: I just added them last week. Lol.

I was trying to get filled in the 76 handle and couldn't, so cancel the order. Got it this morning at the open for 70.50 LOL

Didn't think it would continue to slide but a 6% yield on entry? Gotta love it.

Yeah, I added more at 67 but honestly, the future outlook and debt is scary. Kinda agree with what fenders said, these guys were trying to do something.

ABBV will be fine in the end but I think we collectively get in denial some and average into company's that are playing with fire with debt.  I am OK riding it out, but I don't want to be sitting on a ton of stocks that go nowhere for 2-3 years.  I don't need anymore KHC and CVS stories right now.

I sold a Strike 160 ABBV put and will continue to do something like that each month.  I'll probably be joining you all long soon enough.

A dividend freeze to pay down debt to manageable levels from a cash-flow accretive merger (CVS) doesn't bother me. Gross mismanagement of finances/debt resulting in a dividend cut (KHC/GE) is a big red flag to me. I no longer own any KHC or GE shares. Happy to hold on to my CVS holding.