Table Pounding Buys MAR 2020

[Otter]

(03-16-2020, 12:11 PM)fenders53 Wrote:

(03-16-2020, 11:58 AM)Otter Wrote:

(03-16-2020, 11:18 AM)fenders53 Wrote: Otter, those are good pics I own or have owned, though I don't know DEO.  Sin stocks are great recession pics, as long as you don't overpay.  The bull has taken almost all of the safe picks well out of the zone, but they are rapidly coming back to the buy range now.

Diageo has 29 years of dividend growth under its belt, and is a U.K. Dividend Champion (dividends are paid in GBP, so subject to currency fluctuations). Their brand portfolio is pretty impressive in the liquor space:

https://www.diageo.com/en/our-brands/bra...roduction/

BF.B is still crazy overvalued, but I like DEO at these prices (it's around where I last made purchases three years ago).

Edited to add - U.K. company, so no dividend withholding tax for U.S. investors, but there is a small ADR fee.

The ADR fees can be ignored with the dividends we are chasing.  It's a rounding error when you are buying a stock that offers double the typical SPY div yield.

Medtronic (MDT) is starting to get deep in the buy range.  I may add a few shares today.

MDT is on my list, as well. It will be a new position once opened. About as good as it gets in the medical devices field.