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Added to BMY this morning.
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Took a new position in CINF and added GD, AFL, and BMY
Sold some AMP. I took the $45 runup and ran fast lol
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(05-29-2020, 10:09 AM)EricL Wrote: (05-28-2020, 02:53 PM)EricL Wrote: Sold out of my ROST and opened a new position in DG with a portion of the proceeds.
Remainder added to my positions in NEE and FLO to bring them closer to full-weight ahead of next week's ex-divs.
Had a tough time selling ROST as I believe in the long-term prospects of the company, but in the end I felt sticking to my goal of 10% income growth was important.
DG had absolute blowout earnings this morning, and I think it will continue to do well going forward.
DG up 3.6% today after yesterday's sell-off. So far it look like I timed that trade pretty well.
Have we finally corrupted you with discussion of three day price movements lol?
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(05-29-2020, 08:48 PM)fenders53 Wrote: (05-29-2020, 10:09 AM)EricL Wrote: (05-28-2020, 02:53 PM)EricL Wrote: Sold out of my ROST and opened a new position in DG with a portion of the proceeds.
Remainder added to my positions in NEE and FLO to bring them closer to full-weight ahead of next week's ex-divs.
Had a tough time selling ROST as I believe in the long-term prospects of the company, but in the end I felt sticking to my goal of 10% income growth was important.
DG had absolute blowout earnings this morning, and I think it will continue to do well going forward.
DG up 3.6% today after yesterday's sell-off. So far it look like I timed that trade pretty well.
Have we finally corrupted you with discussion of three day price movements lol?
I was corrupt long before I met you guys! =)
Did you see their quarter though?
- 21.7% comparable sales growth compared with 8.7% consensus.
- 10.3% operating margin compared with 7.7% a year ago.
- Resumption of buyback program.
- Q1 GAAP EPS of $2.56 was a beat by $0.82.
- Revenue of $8.45B (+27.6% Y/Y) beat by $790M.
- Cash Flows From Operations Increased 202.4% to $1.7 billion
For fiscal year 2020, the Company continues to plan for:
- Capital expenditures in the range of $925 million to $975 million
- Approximately 2,600 real estate projects, including 1,000 new store openings, 1,500 mature store remodels, and 80 store relocations.
So full-year capex is essentially covered by the growth in cash flows from Q1 alone!
Three quarters of the US population lives within five minutes of a Dollar General store. With 20% unemployment, I expect those stores will continue to do well.
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(05-30-2020, 08:20 AM)EricL Wrote: (05-29-2020, 08:48 PM)fenders53 Wrote: (05-29-2020, 10:09 AM)EricL Wrote: (05-28-2020, 02:53 PM)EricL Wrote: Sold out of my ROST and opened a new position in DG with a portion of the proceeds.
Remainder added to my positions in NEE and FLO to bring them closer to full-weight ahead of next week's ex-divs.
Had a tough time selling ROST as I believe in the long-term prospects of the company, but in the end I felt sticking to my goal of 10% income growth was important.
DG had absolute blowout earnings this morning, and I think it will continue to do well going forward.
DG up 3.6% today after yesterday's sell-off. So far it look like I timed that trade pretty well.
Have we finally corrupted you with discussion of three day price movements lol?
I was corrupt long before I met you guys! =)
Did you see their quarter though?
- 21.7% comparable sales growth compared with 8.7% consensus.
- 10.3% operating margin compared with 7.7% a year ago.
- Resumption of buyback program.
- Q1 GAAP EPS of $2.56 was a beat by $0.82.
- Revenue of $8.45B (+27.6% Y/Y) beat by $790M.
- Cash Flows From Operations Increased 202.4% to $1.7 billion
For fiscal year 2020, the Company continues to plan for:
- Capital expenditures in the range of $925 million to $975 million
- Approximately 2,600 real estate projects, including 1,000 new store openings, 1,500 mature store remodels, and 80 store relocations.
So full-year capex is essentially covered by the growth in cash flows from Q1 alone!
Three quarters of the US population lives within five minutes of a Dollar General store. With 20% unemployment, I expect those stores will continue to do well.
I could be talked into DG on a market dip. I sold my "normal" retail and believe that was a sound decision given risk/reward in this economy.
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new position in TFC and added to BMY
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So, last major cash deployment for a while:
ABBV
ADM
ADP
BMY
CAH
CSCO
DUK
EV
FRT
GILD
IBM
LEG
LYB
MGA (new position)
MRK
ORCL
PM
SNA (new position)
T
TD
UL
UPS
VZ
XLE
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(06-02-2020, 10:22 AM)Otter Wrote: So, last major cash deployment for a while:
ABBV
ADM
ADP
BMY
CAH
CSCO
DUK
EV
FRT
GILD
IBM
LEG
LYB
MGA (new position)
MRK
ORCL
PM
SNA (new position)
T
TD
UL
UPS
VZ
XLE
No wonder the market spiked again this morning.
Still trying to be patient here.
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Added small RY position,didnt think it would rise so much in last 1 week,few weeks got in $60.05 and got out at 62 and received dividends
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06-03-2020, 10:02 AM
(This post was last modified: 06-03-2020, 10:39 AM by divmenow.)
Sold out of SPG. That was a nice 21 point gain. Cant believe it was up $8 today. Wow
Added more BMY and CINF
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(06-03-2020, 10:02 AM)divmenow Wrote: Sold out of SPG. That was a nice 21 point gain. Cant believe it was up $8 today. Wow
Added more BMY and CINF
Very nice. I also sold out of SPG after the big run-up today. I realize there opening up outlets in some states but they have delayed in either announcing a dividend or cutting it. I had a nice 16 point profit in it. So thanks for that trade. I owe you a dinner if your ever in the area
CINF looks like a good one to get into as well. Nice DA to get into at a discount. I may add more
Anyone I did at at RTX, XOM and ITW this week
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