What Did You Buy Today?

[ChadR]

Picked up 26 shares of T. Needing to increase my telecom position.

[Rasec]

Bought some TGT on the dip.

[EricL]

Bought some EOG yesterday for my son's ESA account.

[divmenow]

(05-18-2016, 09:37 AM)Rasec Wrote: Bought some TGT on the dip.

Curious as to why you bought TGT even after this bog decline today. Retail is in trouble. Why not buy a more stable stock like MO or GIS? I love to shop at Target. It's my favorite store but lol

[navyasw02]

(05-18-2016, 10:37 AM)divmenow Wrote:

(05-18-2016, 09:37 AM)Rasec Wrote: Bought some TGT on the dip.

Curious as to why you bought TGT even after this bog decline today. Retail is in trouble. Why not buy a more stable stock like MO or GIS? I love to shop at Target. It's my favorite store but lol

I bought some too.  It's on sale about 9% today.  They made more profit than expected and the price dropped significantly.  That is a function of the market's irrational logic, not the fundamentals of the company.

[Rasec]

(05-18-2016, 10:59 AM)navyasw02 Wrote:

(05-18-2016, 10:37 AM)divmenow Wrote:

(05-18-2016, 09:37 AM)Rasec Wrote: Bought some TGT on the dip.

Curious as to why you bought TGT even after this bog decline today. Retail is in trouble. Why not buy a more stable stock like MO or GIS? I love to shop at Target. It's my favorite store but lol

I bought some too.  It's on sale about 9% today.  They made more profit than expected and the price dropped significantly.  That is a function of the market's irrational logic, not the fundamentals of the company.

Thanks for voicing my opinion. 

A company with 33 years of history paying divs, 3.3% yield, 40% payout ratio, PE of 13, low debt and 74B in sales selling at a discount? I'll take it! 

MO and GIS are great companies, just not at discount price today!

[DividendGarden]

(05-18-2016, 10:37 AM)divmenow Wrote: Curious as to why you bought TGT even after this bog decline today. Retail is in trouble. Why not buy a more stable stock like MO or GIS? I love to shop at Target. It's my favorite store but lol

I think TGT is a good longer term holding, so buying on the dips is a good idea if you want to hold it in your portfolio.

[benjamen]

I just bought some TGT prior to the drop; I really wish I had more cash on hand to take advantage of this drop.

[divmenow]

(05-18-2016, 02:27 PM)benjamen Wrote: I just bought some TGT prior to the drop; I really wish I had more cash on hand to take advantage of this drop.

Glad I bought WMT before the close yesterday. Bought HRL and some OHI this morning.

[DividendGarden]

Added to LB here. It's dropped from the $90's to under $61. That's a huge overreaction, IMO. They did lower guidance a bit, but not this much. Also, their buyback dollars are going much further at these prices.

[Dividendsrule]

Me too DG. I've been nibbling on LB from the early 70s and down.

I like this recent hire too. The ex- CEO of Spanks for the victoria's secret brand. It's a serious move.

Wexner said they are pruning for further growth down the line. Sounds good.

[EricL]

Added to my EOG position this afternoon.