What I Am Buying Today.

[fenders53]

(01-25-2022, 01:46 PM)crimsonghost747 Wrote:

(01-25-2022, 12:58 PM)stockguru Wrote: COWN, LPX, ALLY, ORI, WHR, KKR, WBA, DKS and BBY just to name a few.

but actually all except COWN and BBY are up from a year ago. 
I'll take one at random, DKS.
Now I don't follow it closely but let's just agree that it is a quality company with a low P/E.

One year ago it was at $67, then it went up to $145, and now we are at $118, you're significantly closer to the all time high than you are to where it was 12 months ago. You might be buying it ~18% below it's all time high but you're also paying a 72% premium compared to what you could have gotten it for exactly 1 year ago. 

Now I have no opinion on whether it's a good buy or not, I don't follow the company closely. However, after being up 72% in the past year, I'd hardly call it a bargain.

I have researched DKS and I am a customer.  They have made an astonishing turn around and are the last man standing in the sector.  In the US anyway.  Their big stores are impressive.  I have low confidence in most retail at the moment, but DKS is one I would own soon.  I am waiting for a big box retailer to issue some mediocre guidance. We'll have our answer in 30 days.  Reality is anything can dip with the current market sentiment.