(11-07-2019, 12:45 PM)Otter Wrote:(11-07-2019, 09:55 AM)divmenow Wrote: UPS is on fire. How much further can it go? I got in at $97. Happy for now lol
Looks slightly overvalued at the moment on FASTGraphs (P/E of 16.33 using their blended basis for calculating P/E). If it rises to its 10yr average P/E of 18.9, that implies a value of $142. Granted, the entire past decade in which that average was calculated has been a bull market and expanding economy. Even at the bottom of the market in March, 2009, and during the most recent big dip in May, P/E hasn't dipped below roughly 12.5, which suggests a floor in the $90s.
My last purchases were during the May/June '19 and December '18 dips. Cost basis of $104. I'll buy more if it drops under $112 (P/E of 15).
(11-18-2019, 04:38 PM)NilesMike Wrote: Started an initial position in PRU, 93.34
PRU and MET are very good income stocks. Seemingly stuck in a trading range but you know what to do about that.