What Did You Buy Today?

[crimsonghost747]

Added to AMGN and TD.to

[stockguru]

Added to VZ and PG and took a new position in UTX today.

Sold out of KSS and STZ

[Forticus]

Yesterday added to ABBV AMGN GILD PFE KO T XOM
and re-opened MDT

[rayray]

yesterday added to ALB and WBA

[stockguru]

How can MMM get it so wrong??

[Otter]

(04-25-2019, 08:56 AM)stockguru Wrote: How can MMM get it so wrong??

I've got it on my watch list, and am interested if it dips under $170. Has been overvalued for a long time. It is an industrial that has been growing earnings at an average annual rate of 7.3% for the past decade, but sporting a mid-20s P/E for about the past five years. Reversion to mean is likely in the cards, and when that happens, there are often temporary swings well below the average.

[Binary]

I actually bought a mini MMM position today.

[fenders53]

MMM is going lower. I want some eventually. I wrote puts against it numerous times for nice profits. Lucky I didn't get stuck with 100 shares. There was no way I WAS going long at 190 a few months ago with their soft outlook.

[NilesMike]

(04-25-2019, 07:44 PM)fenders53 Wrote: MMM is going lower. I want some eventually. I wrote puts against it numerous times for nice profits. Lucky I didn't get stuck with 100 shares. There was no way I WAS going long at 190 a few months ago with their soft outlook.

I got in some years ago around 170. My cost basis is significantly lower than that. Short term? I have no clue on it at the moment.

[fenders53]

(04-25-2019, 07:57 PM)NilesMike Wrote:

(04-25-2019, 07:44 PM)fenders53 Wrote: MMM is going lower.  I want some eventually.  I wrote puts against it numerous times for nice profits.  Lucky I didn't get stuck with 100 shares.  There was no way I WAS going long at 190 a few months ago with their soft outlook.

I got in some years ago around 170. My cost basis is significantly lower than that. Short term? I have no clue on it at the moment.

It's an excellent company I've waited a long time to buy.  They have been issuing cautious guidance for quite a few quarters.  That's a good thing IMO.  I don't want to be lied to because they could have talked me into going all in at the wrong time.  Not sure if I will nibble soon, or take a chance and sell puts.  If I get assigned I could always try to dump half the shares quick and wait for the next recession to fill it out.  I don't have any doubt it will return to fair value then.  It's a beloved stock.  I said I think it's going lower, but I will be pleasantly surprised if it goes low enough with a trade deal looming and a decent economy. But that was a huge miss. I haven't read the report yet.

[Binary]

(04-25-2019, 07:57 PM)NilesMike Wrote:

(04-25-2019, 07:44 PM)fenders53 Wrote: MMM is going lower.  I want some eventually.  I wrote puts against it numerous times for nice profits.  Lucky I didn't get stuck with 100 shares.  There was no way I WAS going long at 190 a few months ago with their soft outlook.

I got in some years ago around 170. My cost basis is significantly lower than that. Short term? I have no clue on it at the moment.

I have an initial package from 2016 for 146 and now this at 190. The entry yield is 3% which historically is high, but the operational metrics don't make it a bargain yet. If it drops more I buy more, if not, well, I won't be saf with the price appreciation

[Binary]

Started INGR