11-20-2019, 06:06 PM
I probably have way too many holdings as it is, but am always on the lookout for more. There are a number of stocks that I would really like to own, but haven't been able to pull the trigger on the past several years, as the valuations just never looked right at the time I was looking. What stocks are on your wish list, and what's your target price for pulling the trigger? Mine are below:
AWR $51.00 (based on falling to 10yr average P/E of 24 for year-end 2020 projected earnings)
BF.B $52.00 (based on falling to 10yr average P/E of 28.2 for year-end 2020 projected earnings)
CL $38.50 (based on falling to a P/E of 15 for year-end 2020 projected earnings)
ED $63.50 (based on falling to a P/E of 15 for year-end 2020 projected earnings)
HRL $26.50 (based on falling to a P/E of 15 for year-end 2020 projected earnings)
KO $46.50 (based on falling to 10yr average P/E of 20.8 for year-end 2020 projected earnings)
MCD $174.00 (based on falling to 10yr average P/E of 20.5 for year-end 2020 projected earnings)
MDT $95.00 (based on falling to 10yr average P/E of 16.2 for year-end 2020 projected earnings)
MKC $85.00 (based on falling to a P/E of 15 for year-end 2020 projected earnings)
WMT $82.00 (based on falling to 10yr average P/E of 15.8 for year-end 2020 projected earnings)
WTR $36.00 (based on falling to 10yr average P/E of 22.8 for year-end 2020 projected earnings)
I guess it is also a list of dividend aristocrats that I think are crazy overpriced at the moment. Pretty much all of these have analyst estimates for low (single digit %) or no meaningful earnings growth in 2020 and 2021, compared to growthier earnings action over the past decade of the bull market. The ones that I set at a 15 P/E price target tend to be extra slow-growing consumer staples or utilities. Went with 10yr average P/E metric for the growthier ones (water utilities), or household names that typically command their own P/E premium (KO, MCD, WMT).
I'd like to think that I'll have a chance at some of these in the not too distant future, as statistically we are likely to be closer to a bear market than a repeat of the past decade. 2008/9 and 2001/2 was the last time many of these names touched those sort of P/E multiples.
Curious what's on others' shopping lists for a downturn, that they don't already own.
AWR $51.00 (based on falling to 10yr average P/E of 24 for year-end 2020 projected earnings)
BF.B $52.00 (based on falling to 10yr average P/E of 28.2 for year-end 2020 projected earnings)
CL $38.50 (based on falling to a P/E of 15 for year-end 2020 projected earnings)
ED $63.50 (based on falling to a P/E of 15 for year-end 2020 projected earnings)
HRL $26.50 (based on falling to a P/E of 15 for year-end 2020 projected earnings)
KO $46.50 (based on falling to 10yr average P/E of 20.8 for year-end 2020 projected earnings)
MCD $174.00 (based on falling to 10yr average P/E of 20.5 for year-end 2020 projected earnings)
MDT $95.00 (based on falling to 10yr average P/E of 16.2 for year-end 2020 projected earnings)
MKC $85.00 (based on falling to a P/E of 15 for year-end 2020 projected earnings)
WMT $82.00 (based on falling to 10yr average P/E of 15.8 for year-end 2020 projected earnings)
WTR $36.00 (based on falling to 10yr average P/E of 22.8 for year-end 2020 projected earnings)
I guess it is also a list of dividend aristocrats that I think are crazy overpriced at the moment. Pretty much all of these have analyst estimates for low (single digit %) or no meaningful earnings growth in 2020 and 2021, compared to growthier earnings action over the past decade of the bull market. The ones that I set at a 15 P/E price target tend to be extra slow-growing consumer staples or utilities. Went with 10yr average P/E metric for the growthier ones (water utilities), or household names that typically command their own P/E premium (KO, MCD, WMT).
I'd like to think that I'll have a chance at some of these in the not too distant future, as statistically we are likely to be closer to a bear market than a repeat of the past decade. 2008/9 and 2001/2 was the last time many of these names touched those sort of P/E multiples.
Curious what's on others' shopping lists for a downturn, that they don't already own.