What Did You Buy Today?

[Otter]

Added to AOS, CSCO, and LOW today.

[Otter]

(04-23-2020, 02:02 PM)fenders53 Wrote:

(04-23-2020, 01:55 PM)divmenow Wrote: I’m still finding bargains

Got in PSA today. There seems to be good support around 195. There balance sheet is prestine...one of the best i've found to be honest. I'm concerned about the double top pattern it has formed on the 5 year chart, but it's down considerably from the highs.

There are definitely some bargains.  There are also a bunch of companies staying very quiet.  There will be a few bombs dropped from good companies the next few weeks as earnings progress.  I am definitely keeping some of my powder dry.  

If I've done any over-reacting it would be industrials.  I have trimmed a lot of them to almost nothing waiting for somebody to wreck the mood.  I know who I suspect will have bad news but we'll see what happens.

Industrials have been one of my main buy areas. The sector as a whole is trading at 2016 pricing. 

Have picked up AOS, CMI, EMR, GD, HON, MMM, and UPS the past few days.

[fenders53]

(04-23-2020, 02:39 PM)Otter Wrote:

(04-23-2020, 02:02 PM)fenders53 Wrote:

(04-23-2020, 01:55 PM)divmenow Wrote: I’m still finding bargains

Got in PSA today. There seems to be good support around 195. There balance sheet is prestine...one of the best i've found to be honest. I'm concerned about the double top pattern it has formed on the 5 year chart, but it's down considerably from the highs.

There are definitely some bargains.  There are also a bunch of companies staying very quiet.  There will be a few bombs dropped from good companies the next few weeks as earnings progress.  I am definitely keeping some of my powder dry.  

If I've done any over-reacting it would be industrials.  I have trimmed a lot of them to almost nothing waiting for somebody to wreck the mood.  I know who I suspect will have bad news but we'll see what happens.

Industrials have been one of my main buy areas. The sector as a whole is trading at 2016 pricing. 

Have picked up AOS, CMI, EMR, GD, HON, MMM, and UPS the past few days.

And I missed the world economy shutting down in 2016.  You got a link for that?      J/K but I really was trading the hell out of industrials off the March lows while you were hiding in your CV-19 bomb shelter counting your SPY put profits. Industrials are way up their bottom for the most part and I didn't miss it. 

I don't see much of anything industrial I don't think I can get for a similar or better price after earnings.  If not I'll buy something else.  This is what makes a market of course.

[fenders53]

(04-23-2020, 02:33 PM)crimsonghost747 Wrote:

(04-23-2020, 10:00 AM)fenders53 Wrote: Any suggestions on high quality REITs to research.  Say I want to own three and diversify.  I am stuck with WELL for now.    Was considering O on a bit more dip.  So how about the third one?  I realize REITs trade together generally.  I just don't want to own the equivalent of "GM and F" if that makes sense.

residential all the way! Why risk it with commercial property? I know I do not need to point out what difficulties lie ahead for those. That doesn't mean that you won't find some good investments in that sector too but overall it just sounds risky.

So onwards with residential! 
-I think IRT looks good here. I don't own it but I might soon.
-I wouldn't be myself if I didn't offer you an European alternative, and hey you did mention diversification. So check out Vonovia from Germany. It's looks like pure gold to me. Seriously, how many REITS can you name who are dishing out +10% FFO per share and dividend increases every single year? However, they do not really come with any big COVID discount. It's expensive, the yield is low, etc. I would love to get a Michelin star meal for the price of a Bic Mac but that's not the case here and I'm not sure if that will happen.

Now this last one is far from high quality. But I've also been adding some GEO recently. I guess that could be considered residential. 
The yield is absolutely mind blowing, assuming they can keep it up. It's risky but might be worth a shot.

Thanks, I got room for one more.  The put premiums are stupid good on anything REIT so I'll just keep selling them short duration until I get forced into some good ones.   I have a fairly big position in WELL and am tempted to slide some over but whatever I buy needs to be just as beaten up.  I am down pretty hard on WELL and I think it's overdone.  I should probably just close my eyes for six months on that name.  Nursing homes aren't going away.

[fenders53]

Amusement parks are tearing it up higher this week.  Probably because they won't be able to open this season, cut their Divs and are borrowing more money.  

[Otter]

(04-23-2020, 02:56 PM)fenders53 Wrote:

(04-23-2020, 02:39 PM)Otter Wrote:

(04-23-2020, 02:02 PM)fenders53 Wrote:

(04-23-2020, 01:55 PM)divmenow Wrote: I’m still finding bargains

Got in PSA today. There seems to be good support around 195. There balance sheet is prestine...one of the best i've found to be honest. I'm concerned about the double top pattern it has formed on the 5 year chart, but it's down considerably from the highs.

There are definitely some bargains.  There are also a bunch of companies staying very quiet.  There will be a few bombs dropped from good companies the next few weeks as earnings progress.  I am definitely keeping some of my powder dry.  

If I've done any over-reacting it would be industrials.  I have trimmed a lot of them to almost nothing waiting for somebody to wreck the mood.  I know who I suspect will have bad news but we'll see what happens.

Industrials have been one of my main buy areas. The sector as a whole is trading at 2016 pricing. 

Have picked up AOS, CMI, EMR, GD, HON, MMM, and UPS the past few days.

And I missed the world economy shutting down in 2016.  You got a link for that?      J/K but I really was trading the hell out of industrials off the March lows while you were hiding in your CV-19 bomb shelter counting your SPY put profits.  Industrials are way up their bottom for the most part and I didn't miss it. 

I don't see much of anything industrial I don't think I can get for a similar or better price after earnings.  If not I'll buy something else.  This is what makes a market of course.

I look at it more as whether approximately two quarters of severely depressed economic activity in the industrial sector knocks us back four years in terms of what future earnings look like afterwards, even if the afterwards isn't as rosy as January, 2020. 

Take AOS for instance. It has the second-highest Chowder number of any Dividend Aristocrat, and it's not because of their base yield of 2.5%. 0.15 Debt/Equity ratio, 43% payout ratio, and 26 years of dividend growth, priced at levels not seen in four years. When hot water heaters break down, people replace them.

[Otter]

Cost of inputs (oil, industrial metals, and other basic materials) are also going to be low for a while for a lot of these industrials, as are labor costs (automation will also continue to replace workers in this sector and drive up productivity). Borrowing costs are at all-time lows for the ones with good balance sheets.

The ones with long track records of surviving and thriving through even the nastiest downturns should do alright. Just like with REITs, I like the ones with clean balance sheets that are trading near 50% off.

[fenders53]

(04-23-2020, 03:15 PM)Otter Wrote:

(04-23-2020, 02:56 PM)fenders53 Wrote:

(04-23-2020, 02:39 PM)Otter Wrote:

(04-23-2020, 02:02 PM)fenders53 Wrote:

(04-23-2020, 01:55 PM)divmenow Wrote: I’m still finding bargains

Got in PSA today. There seems to be good support around 195. There balance sheet is prestine...one of the best i've found to be honest. I'm concerned about the double top pattern it has formed on the 5 year chart, but it's down considerably from the highs.

There are definitely some bargains.  There are also a bunch of companies staying very quiet.  There will be a few bombs dropped from good companies the next few weeks as earnings progress.  I am definitely keeping some of my powder dry.  

If I've done any over-reacting it would be industrials.  I have trimmed a lot of them to almost nothing waiting for somebody to wreck the mood.  I know who I suspect will have bad news but we'll see what happens.

Industrials have been one of my main buy areas. The sector as a whole is trading at 2016 pricing. 

Have picked up AOS, CMI, EMR, GD, HON, MMM, and UPS the past few days.

And I missed the world economy shutting down in 2016.  You got a link for that?      J/K but I really was trading the hell out of industrials off the March lows while you were hiding in your CV-19 bomb shelter counting your SPY put profits.  Industrials are way up their bottom for the most part and I didn't miss it. 

I don't see much of anything industrial I don't think I can get for a similar or better price after earnings.  If not I'll buy something else.  This is what makes a market of course.

I look at it more as whether approximately two quarters of severely depressed economic activity in the industrial sector knocks us back four years in terms of what future earnings look like afterwards, even if the afterwards isn't as rosy as January, 2020. 

Take AOS for instance. It has the second-highest Chowder number of any Dividend Aristocrat, and it's not because of their base yield of 2.5%. 0.15 Debt/Equity ratio, 43% payout ratio, and 26 years of dividend growth, priced at levels not seen in four years. When hot water heaters break down, people replace them.

I have no problem with your logic for select aristocrat industrials.   And then there are the market Dow darlings like MMM and CAT.  I bought them at the bottom because I suspected the market runs them higher yet again and it happened.  When reality hits there will be another chance to buy them. I have other industrials as well but they are going to be hurt by the BA train wreck that just won't stop anytime soon.  I'll wait for that mess to play out closer to the end as well.

[stockguru]

New position in CB this morming

[Otter]

Bought some EV today.

[Otter]

And added to LMT before the bell.

[Dividendwayfarer]

Initiated a position on FRT