What Did You Buy Today?

[Otter]

(12-12-2018, 03:09 PM)fenders53 Wrote:

(12-12-2018, 03:00 PM)Otter Wrote:

(12-12-2018, 02:32 PM)divmenow Wrote: So your falling for that AMZN news as well are you lol. UPS is just fine. Its been a buy every time its reached these levels.  Just think back when all those auto part companies hit new lows because god for bid Amazon was going to get into the auto parts business. Well all those companies have since hit new highs. This is another of those over reaction times. I'm making  conversation too LOL

P/E has only dipped this low twice in 20 years, it's 25% off of its highs, 3.5% yield is well-covered, and growing at a respectable 7% annually over the past decade. My cost basis is $107.84. It may drop farther, but I'm okay with averaging down at the current price.

Edited to add - I will back up the proverbial dump-truck if it falls into the low 90s.

Put some fuel in the truck now so you aren't late when it happens. 

I'll be ecstatic if your prediction comes true. My only regret about 2009 is that I didn't have a ton of money to sink into the market during the once-in-a-generation fire sale on stocks. As it stands now, I've been very happy to see some Consumer Staples stalwarts like MO/PM get really cheap at times during this year. Sure wouldn't mind a little market irrationality to the downside hitting some more on my Dividend Champion add/buy list (AWR, EMR, MMM, KO, JNJ, VFC, ED, and many more!).