07-14-2016, 02:11 PM
Personally, I like to keep a list of companies I'd want to own forever. Whenever I have cash to make a purchase, I scan the list for what's undervalued, relative to the other options on the list. For example, right now TIF, LB, and BEN look good to me right now. At the opposite end of the spectrum, many of my companies (K, SBSI, MMM, GE, AFL, CL, PEP, etc) are the the top end of their 52-week range (not that the 52-week range is shorthand for valuation). So, I try to buy from the cheaper end of the spectrum vs. the top end.