07-01-2014, 05:41 AM
(07-01-2014, 01:36 AM)Dividend Watcher Wrote: Added a starter position in PG to my wife's portfolio today. That cash sitting there earning nothing was bugging me. She has less time to retirement than I and needed to get the compounding machine rolling. Bought at a little over $79 with commission yielding 3.25%. Last 4 quarter's GAAP earnings gave a P/E just under 20 (my limit). If it corrects further, I'll just reinvest at a higher yield and, if cash is available, add another small block.
Also added to KRFT in the beginning of June. KRFT is starting to behave like GIS -- up a few points and then sit there for a long while. In the meantime, a yield over 3.5% and reinvesting. Not a fast grower but I think management has a plan to grow earnings and is working it from the advertising and new products coming out that I've seen.
I sold the Mutual that I was talking about and started a position in PG also at just over $79. Heck if your buying it, I musta learned somethin.
Jim