What Did You Buy Today?

[Binary]

(05-08-2020, 10:13 AM)divmenow Wrote:

(05-08-2020, 10:08 AM)Binary Wrote:

(05-08-2020, 09:41 AM)fenders53 Wrote:

(05-08-2020, 09:05 AM)divmenow Wrote:

(05-08-2020, 08:57 AM)fenders53 Wrote: I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

I love the defense stocks. It’s always been my favorite sector and it’s my most over weighted sector. I was born with a plane in my hand lol. But it’s going to take time for this sector to take off. No pun intended   

CARR announced today they will not be paying a dividend for now!

That surprised me some, but I wondered.  A cyclical BIZ in a horrible economic climate, and RTX slipped a bunch of debt in their suitcase when they sent them off.

Was the no-div announced on the call? If so, that is practically a div cut for UTX shareholders

Yes it was. They said they will not be paying a dividend until things improve and get back to normal.

Great, so what do they want to do with that pile of free cash they were so proud of?