04-08-2020, 01:10 PM
My estimation of whether a balance sheet is pristine very much depends on upcoming earnings. I have a shopping list predicated upon what the lay of the land is right now, but that information will be updated soon.
I don't think I will regret prioritizing purchasing quality, which always carries a premium. The initial list will be small, as sadly there are few companies out there that consistently allocate capital and manage debt well. If an overall recovery gets underway, I expect the quality to maintain solid performance (I certainly don't regret owning JNJ).
Folks who bought in 2009 after the recession was technically declared over did not miss half the run. A recession hasn't technically been declared begun yet, although the Bloomberg estimator is now at 100%. I think the earliest you'd receive reliable economic data to declare a recession technically over is around the end of this year.
There were years after 2009 where you could pick DGI stocks lower down the quality rankings than JNJ and MSFT, and make large paper returns and significant dividend income for your effort. Most of us here did it, as documented in the thousands of posts in this thread. I'll have plenty of time to sort through those as this shakes out over time. I plan to buy them again, but they just aren't first on my list. If not prioritizing quality now, then when?
I don't think I will regret prioritizing purchasing quality, which always carries a premium. The initial list will be small, as sadly there are few companies out there that consistently allocate capital and manage debt well. If an overall recovery gets underway, I expect the quality to maintain solid performance (I certainly don't regret owning JNJ).
Folks who bought in 2009 after the recession was technically declared over did not miss half the run. A recession hasn't technically been declared begun yet, although the Bloomberg estimator is now at 100%. I think the earliest you'd receive reliable economic data to declare a recession technically over is around the end of this year.
There were years after 2009 where you could pick DGI stocks lower down the quality rankings than JNJ and MSFT, and make large paper returns and significant dividend income for your effort. Most of us here did it, as documented in the thousands of posts in this thread. I'll have plenty of time to sort through those as this shakes out over time. I plan to buy them again, but they just aren't first on my list. If not prioritizing quality now, then when?