What Did You Buy Today?

[fenders53]

(04-21-2020, 10:39 AM)DividendGarden Wrote:

(04-21-2020, 10:11 AM)fenders53 Wrote:

(04-21-2020, 10:04 AM)EricL Wrote: Actually been thinking about trimming my ABT as well since its grown into my #2 position in the portfolio.

Love the company, but at a 28 trailing PE and 33 PE on current 2020 estimates with a 1.5% yield it's definitely getting expensive.

It's way too expensive right now.  I'd be more tolerant of the PE if the DIV was better.  It won't have to pull back much for me to start nibbling again.

Overall, pulling your 2020 guidance and then SP running up isn't working for me.  My mindset is some cash is OK now.  I have so many stocks that something will surely get too cheap soon enough, even if the market stays lofty.

Agreed.  ABT is at an all time high SP.

That by itself doesn't alarm me so much.  Not really directed at ABT but I suspect pulling 2020 guidance is going to be abused.  I hope the analysts will press them for information.  They've seen enough of this to know what 2Q earnings might look like already.  I hope we don't wait in silence for three months for a 50% revenue miss from major companies that knew it was coming today.  If you pull guidance you probably dodge responsibility for pre-announcements halfway through the quarter.  Wouldn't be a big deal if so many companies were not within 10% of ATH.  Some good companies are not investable for now.