What Did You Buy Today?

[fenders53]

(04-16-2020, 11:43 AM)MikeWa Wrote:

(04-16-2020, 11:34 AM)fenders53 Wrote: Anyone else like IP?  (International Paper)  Boring BIZ but the Div is almost as good as MO or T and the payout ratio around 50%.  I like it down here.  Or is cardboard packaging going away and I just don't realize it?  I think I am going to add some more IP.

I do, especially yield at this price level. I keep adding and don't think their business is going away.

I like them because of the non-political risk profile and they seem to have adult leadership.  I don't have to worry they might acquire Carnival Cruise Lines or an airline like T might do next month just to surprise me (with borrowed money of course) lol.  I've never known anyone to be killed by a cardboard box or toilet paper so the litigation risk seems low.  I'm only half joking.      Most of my high yielders are just pure drama I don't look forward to dealing with every quarter or so.