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DGI For The DIY
Now thinking of starting a position in Dollar General (DG) with some proceeds and then putting the rest into Hormel (HRL) and Flowers Foods (FLO).

This way I get a growthier name in DG to replace the growth from Ross, while building up a couple under-weight positions a bit too.

Have to think DG will continue to do well with the current economy. I know they are building stores like crazy across small towns in the midwest.
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Sounds logical to me. I've looked at DG and HRL many times. I've always been a few months late and the price had recently spiked. I am underweight consumer staples. I may just start a small position in HRL and sell a put until I eventually get a dip and a larger position. I don't think you can go wrong adding a few shares at about any price. Between Covid and trade escalations, I think HRL input prices (AG in general) will swing around at some point. There is just too much going on near-term.
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(Yesterday, 11:36 PM)EricL Wrote: Now thinking of starting a position in Dollar General (DG) with some proceeds and then putting the rest into Hormel (HRL) and Flowers Foods (FLO).

This way I get a growthier name in DG to replace the growth from Ross, while building up a couple under-weight positions a bit too.

Have to think DG will continue to do well with the current economy. I know they are building stores like crazy across small towns in the midwest.

DG had had such a big run. If I remember you bought ROST near the highs as well over $100; so you would be taking a loss on it if you sell.  I just feel like your chasing DG at these levels. Think about it. A dollar store trading at $190 a share  Big Grin

Why not just buy TJX or TGT? Both those companies will continue to do well.
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(Today, 08:58 AM)kblake Wrote: DG had had such a big run. If I remember you bought ROST near the highs as well over $100; so you would be taking a loss on it if you sell.  I just feel like your chasing DG at these levels. Think about it. A dollar store trading at $190 a share  Big Grin

Why not just buy TJX or TGT? Both those companies will continue to do well.

I bought ROST at $60.77 back in 2013. With reinvested dividends I am sitting on a gain of 237%.

I own eight shares of DG that I bought in August of 2016 in another account and am up 126% on that purchase.

The unemployment rate is over 20%, don't you think dollar stores will do well in that environment? I have more faith in DG's sales over the next twelve months than I do ROST's.

I already own a full position in TGT in this account. Agree that TJX is a good company too, but considering it's also suspended the dividend, I put it in the same boat as ROST.
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Your thinking is sound Eric. You must get weary of our short-term comments at times. No offense intended kblake. I do it as well sometimes. The holding time matters. He isn't planning to get euphoric or scared and dump shares, or cash out his entire port if they run 10% up or down next week. There is a difference between trading and investing. A big difference.

That said Eric is dreaming he can grow his port income 10% annually for infinity years in a row. I follow along and remain a skeptical cheerleader. So far so good lol. Smile
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(11 hours ago)fenders53 Wrote: Your thinking is sound Eric. You must get weary of our short-term comments at times. No offense intended kblake. I do it as well sometimes. The holding time matters. He isn't planning to dump shares or cash out his entire port if they run 10% up or down next week. There is a difference between trading and investing. A big difference.

That said Eric is dreaming he can grow his port income 10% annually for infinity years in a row. I follow along and remain a skeptical cheerleader. So far so good lol. Smile

No, I don't get weary at all, I like to be challenged. That's the reason why I posted what I was thinking about so I can get other views.

I take having a public portfolio seriously, especially considering it's been public for over 7 years now. When every trade you make it being watched by others, you don't want to do anything too stupid! =)
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(11 hours ago)EricL Wrote:
(11 hours ago)fenders53 Wrote: Your thinking is sound Eric.  You must get weary of our short-term comments at times.  No offense intended kblake.  I do it as well sometimes.  The holding time matters. He isn't planning to dump shares or cash out his entire port if they run 10% up or down next week.  There is a difference between trading and investing.  A big difference.

That said Eric is dreaming he can grow his port income 10% annually for infinity years in a row.  I follow along and remain a skeptical cheerleader.  So far so good lol.  Smile

No, I don't get weary at all, I like to be challenged. That's the reason why I posted what I was thinking about so I can get other views.

I take having a public portfolio seriously, especially considering it's been public for over 7 years now. When every trade you make it being watched by others, you don't want to do anything too stupid! =)
Good to hear that.  There is very little we can do on the long side right now that isn't riskier than normal, if there even is a normal.  Fundamentals are completely out the window.  We can't know if it that lasts for weeks or years, but I'm confident it has an end date.   There was only one more time in my long investing career that was more out of touch with the true company financials.
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