11-21-2019, 12:00 PM
(11-20-2019, 08:28 PM)fenders53 Wrote: Great thread topic Otter. There are a ton of stocks I just never pulled the trigger on, or I once owned them and bailed after what I thought was a too quick gain. I try to not be greedy when I get a gift. I do own a small position in some of these because I just gave up. Waiting for the big opportunity and I hold too much cash hoping. I'll think of more later but some stocks I want to hold forever if I can just get in with a large position at a 15 PE or close enough ....
HON
MMM
BA
LMT
MSFT
CAT
V
UTES- XEL,NEE.AEP
Personally, I think CAT is already in a buy zone (and I've been building an initial position). P/E's are tricky with cyclical industrial companies where the E side of the equation can change really fast. That said, it has traded sideways to slightly down for the last two years, and the P/E of 13 (blended basis reported by FAST Graphs) seems favorable, even with a flat forecast for 2020 earnings growth.
MMM is a trickier call, but P/E of 18.3 (blended basis, not TTM) is below its 10yr average of 19.7, and forecasting 7% earnings growth in 2020. That said, if the P/E drops to 15 or below, you could see MMM in the $130s.