(08-08-2019, 03:31 PM)EricL Wrote:Completely agree. I like to bottom fish like many others here, but if you build a basket of dumpster fire stocks, you will get burned so bad on a few that it might take you 5+ years to get back to even on the basket.(08-08-2019, 01:10 PM)Kerim Wrote: Anyone have updated thoughts about KHC? Another big down day -- anyone tempted?
There are so many companies to choose from that are actually doing well; so I have no interest in a dumpster fire like KHC here.
It's fine as a speculative turn-around play, if you are into that sort of thing. But if I've learned one thing over the last 6 years of dividend growth investing, it's that sticking to high quality, consistently performing companies rarely fails. And buying "cheap" under-performers with poor credit ratings and declining growth rarely pays off.
If anyone can honestly rationalize an entry into KHC now, I'd like to hear it.