What Did You Buy Today?

[Binary]

(08-20-2019, 02:55 AM)fenders53 Wrote:

(08-20-2019, 01:09 AM)Binary Wrote: LMT is a great company, I opened a small new position a few months ago slightly below 3% yield, and even then it seemed like a more or less fair, but rather little overvalued purchase. The current yield of 2.3-2.4% is very close to the historical low yield area, I will not add more until the yield is above 3-3.2% again. Yes, it needs a big correction to happen On a side note:  a dividend raise is about to be announced is September.

I'll watch my mail for the next 10% off sales flyer.  Who knows, maybe a Labor Day or a Halloween sale?    I've been busy hoarding Pharma, now on to the next sector.  Overpaying for a low dividend is a non-starter for a mature company like LMT.  Always ends mediocre at best.

Last major selloff was during Christmas, so who knows, you may be right