05-18-2016, 12:23 PM
(05-18-2016, 10:59 AM)navyasw02 Wrote:(05-18-2016, 10:37 AM)divmenow Wrote:(05-18-2016, 09:37 AM)Rasec Wrote: Bought some TGT on the dip.
Curious as to why you bought TGT even after this bog decline today. Retail is in trouble. Why not buy a more stable stock like MO or GIS? I love to shop at Target. It's my favorite store but lol
I bought some too. It's on sale about 9% today. They made more profit than expected and the price dropped significantly. That is a function of the market's irrational logic, not the fundamentals of the company.
Thanks for voicing my opinion.
A company with 33 years of history paying divs, 3.3% yield, 40% payout ratio, PE of 13, low debt and 74B in sales selling at a discount? I'll take it!
MO and GIS are great companies, just not at discount price today!