(09-21-2021, 11:07 AM)Dividends from Scratch Wrote: I did some portfolio recycling today.HII does look like a great value stock but I understand your frustration as the shares have went sideways for five years unless you traded it. Value stocks have been out of style for years now, and defense contractor stocks probably have no political catalyst anytime soon. They are my sleep well stocks though. It's nice to have some dividend growers with earnings that are almost assured. It might be years and they will run again but I am hoping sooner. I think Raytheon may outperform them all the next few years though. They have about 40% exposure to commercial aviation and that will wake up soon. Most of the defense stocks do have exposure to the newly revived space programs. That may not drive big profits but I could see it helping with market sentiment eventually.
Closed $HII (laggard) and $UPS (overvalued, low conviction).
Used the proceeds to initiate $SCHD at $74.43, almost 3% yield (ex-div tomorrow).
Increased PADI from $6,974 to $6,991
I just went red on LMT a few weeks back. If I get 10% red I'll add some more. I own too much to be adding more every time it drops five bucks. I think I have bought LMT maybe 35 times the past three years. That's a personal record since way back when I was a kid buying stocks $50 at a time.
