06-24-2013, 01:15 PM
I was excited at the open today that the sale was going to get even better. For the better part of 2013 I've been adding what I consider to be non-core holdings (ARCP, for example), and I want very much to add to my core holdings. My shopping list includes the big DG names: JNJ, KO, MCD, PG, GIS. I think this pullback has been good, and have brought valuations into much safer territory, but I am still not exactly excited about these prices. As the market heads north this afternoon, I'm losing interest.
Curious about your recent KO purchase. You're good with current valuations? I own no shares, but have long wanted to start a position. I know that absent a major market downturn I am unlikely to get it at a real steal, but I would like to wait for another trip below 18 p/e or 3% yield. Think I'll be waiting a good long time?
Curious about your recent KO purchase. You're good with current valuations? I own no shares, but have long wanted to start a position. I know that absent a major market downturn I am unlikely to get it at a real steal, but I would like to wait for another trip below 18 p/e or 3% yield. Think I'll be waiting a good long time?