12-07-2019, 09:18 AM
(12-07-2019, 08:53 AM)NilesMike Wrote: I don't own or follow VTR but the chart looks like 56-57 will hold.
Last time I bought HD was 20% off it's high to date (215 Fall 2018), I would add in the 190s but don't think it gets there.
VTR's bull thesis has cooled as home care for the elderly gains popularity. DIV growth has been very poor the past few years but it's already a high yielder I can be patient with. I still like it at the right price. Above average safety I think.
The market loves HD and has for a long time. 5% growth is now 3% and that may be the case for years. What's the proper PE for a mature retailer at 3%? I'm not so sure it's 20+ I averaged it down from 210 to 160ish last fall. It's not headed back anywhere near that low IMO.