What Did You Buy Today?

[stockguru]

(04-03-2020, 09:39 AM)fenders53 Wrote:

(04-03-2020, 09:23 AM)Otter Wrote:

(04-03-2020, 09:21 AM)fenders53 Wrote:

(04-03-2020, 08:51 AM)stockguru Wrote: I bit lol

New position in RTX and added to PSX, EOG, and T, and STZ

Anyone own STZ?

Constellation said Corona Extra sales grew 5% in the United States in the four weeks that ended February 16. That’s nearly double the trend of the past 52 weeks. Corona’s sales are heavily dependent on the US market, unlike some of its far-more-international rivals. Alcohol doing well

I predict you will enjoy your Raytheon ownership more the Divmenow or I have.    I am curious about the dividend.  They implied it wouldn't be decreased.  Spinoffs complicate it.  I'm sure they send CARR and Otis on their way with P&J sammitches and $5 in cash lol.  I think it will be a little better than RTN was paying.      

I saw that Corona article last might.  It's temporary of course.

Merger/spinoffs left a bad taste in my mouth after the disaster that was Dow and DuPont merging and then splitting into three companies. I will probably never make my money back on that one. 

I don't think that'll be an issue with RTX, as their board doesn't appear to be staffed with crooks.

I've had mixed results with spin offs.  I usually sell them because I only have a few hundred dollars in shares if that.  YUM comes to mind.  I received some YUM shares valued at about $12 IIRC (PEP spinoff long ago).   That would have been a good hold despite their recent troubles.  United didn't spin off junk.  Those are solid market leading brands.  Not telling anyone to buy them, but it isn't trash, just an attempt to focus the new merger.

Dow and Dupont were a failure waiting to happen.  Those are dead markets there in. Dupont is a dinosaur. UTX and RTN are a good marriage and the CEO is very good. I'm not worried about that at all. RTN has contracts going out years and they will continue to excel. UTX brands will take some time to come back. But at $50 a share I can wait. This will be over $100 at some point.  And please don't put IIRC is the same sentence as RTN.  I can name a lot of mergers that have gone well. I dont dwell on the bad ones