What I Am Buying Today.

[fenders53]

(11-11-2021, 10:53 AM)DividendGarden Wrote:

(11-11-2021, 10:27 AM)fenders53 Wrote:

(11-11-2021, 09:53 AM)DividendGarden Wrote: Adding to VIAC.  How cheap will this get - 5x earnings?

Market says "what's a PE?" 

Value and defensive stocks in general are very much out of favor, and it's lasting longer than usual.

True, and VIAC got slammed when Archegos blew up and they had to dump their shares.  Stock performance is not equal to business performance.  I'm thinking about loading up on VIAC at these levels.

If you are looking for advice, mine would be load up on cheap shares where the earnings aren't threatened next year.  I really think estimates are going to be downgraded to "less amazing" for quite a few sectors.  If the goal is long-term hold and DGI, some growth makes much better div raises possible.  I don't follow VIAC so I am not knocking them.  I'm just in the mindset to pay a little bit for growth, because like I mentioned the market cares nothing about deep value and who knows when that ends. 

Sold half my ALE this morning.  I got a little overweight an sniped a dividend.  Hoping I get a dip in utilities so I can add to my favorites but I better be careful what I wish for.  

Only buy this morning was 20% off Veteran's Day discount at Dollar General. I didn't know they did that but I loaded up on dog food.  Three day discount so I am going to try to put them in bankruptcy.    They have a few staples we use a lot of.