What I Am Buying Today.

[crimsonghost747]

(07-13-2023, 12:20 PM)stockguru Wrote:

(07-13-2023, 11:58 AM)ConnerM Wrote: Bought some XOM, ELV, DG and JNJ

Nice adds

I just bought some XOM as well. I like the acquisition of Denbury 

Anyone own PGR? It's down $16 today on earnings miss. Good buying opportunity?

I used to own PGR during covid times and dumped all of it in the spring of 2022. 
It was great to own a car insurer during covid when people weren't driving much, but once things started opening up again the YoY comparisons started to look bad. And overall, insurance in the USA is very very competitive, so the combined ratios often look pretty rough compared with insurers in some other countries. The dividend system is intriguing, a tiny tiny quarterly div that we are used to and then a bigger one, which varies a lot based on performance, in the beginning of the year. None of this is to say that it was a bad company to own or anything, I just didn't feel like it fit what I was looking for anymore once people started driving their cars and filling out insurance claims.

I haven't looked at the company in over a year so I don't know if much has changed.