What I Am Buying Today.

[vbin]

(02-07-2022, 01:07 PM)Kerim Wrote:

(02-04-2022, 12:10 AM)vbin Wrote: Sold out MO today.

Looking at fb and pypl. Hope we see another 20-30% drop in both.

Sorry if I missed a previous discussion, but curious what prompted the MO sale?

O1. Thei actual earnings are not able to cover the divvy this year( you are right) though they are expected to have enough earnings next year. I haven't looked into why the earnings dropped so much this year and why they will grow back again( Could be due to an one-time event).
2. My cost based on MO is pretty low. This position was started in 2020 and I don't mind selling here and having more cash in case market present with a better opportunity.
3. I wanted to deploy this cash into trow if I can get in ~ $140. Trow better investment compared to MO at this point in my opinion( trow ran up before my transaction's cash could startle and hence haven't been able to add more yet).