Money and Finance
This morning I purchased 40 shares of Target (TGT) for a price of $61.81 per share. With the current dividend payment of $1.44 I was able to pick up the shares for a 2.32% YOC. I've been following Target for a while and the price just never quite got to where I felt comfortable jumping in until now. I'm hoping for a further pullback to allow me to average down a bit in the position. If you remember from my recent stock analysis on Target I calculated a fair entry price of $60.65. I paid 2.25% over that price but I feel that this is a good starting point for my position in Target and I'll give it some time to see if there's a pullback. If it stays flat then I'll probably be picking up some more shares unless there's other opportunities that are more appealing.
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- U.s. Beverage Valuation Wrap Up
Throughout February we had fourth quarter and full year earnings releases from the three major players in the non-alcoholic beverage industry. As the new data points rolled in I figured it was time to update the valuations on the Coca-Cola Company (KO),...
- Recent Buy
After adding to my Target position, I also initiated a new position in Phillip Morris (PM) this morning by picking up 25 shares at $84.43 each. If I was able to be near my computer at the open this morning I would have been able to get the shares a...
- Recent Buy
Yesterday morning I put in a limit order to pick up 34 more shares of Kinder Morgan, Inc (KMI) at a price of $33.35. It would have triggered early in trading but I didn't put in the order until later in the morning after the price had already recovered....
- Recent Transaction
This is going in the Recent Buy section even though I didn't buy anything. I sold a put contract for Intel today expiring July 20, 2012. The strike price is for $25 and I sold it for $0.53 per share or $53. By selling this put contract I was able...
- The Intelligent Investor
I've started reading Benjamin Graham's book "The Intelligent Investor" and have been amazed by some of the insights that he had. I'll be starting a new series referencing Mr. Graham and help to share and reinforce his knowledge to everyone...
Money and Finance
Recent Buy
This morning I purchased 40 shares of Target (TGT) for a price of $61.81 per share. With the current dividend payment of $1.44 I was able to pick up the shares for a 2.32% YOC. I've been following Target for a while and the price just never quite got to where I felt comfortable jumping in until now. I'm hoping for a further pullback to allow me to average down a bit in the position. If you remember from my recent stock analysis on Target I calculated a fair entry price of $60.65. I paid 2.25% over that price but I feel that this is a good starting point for my position in Target and I'll give it some time to see if there's a pullback. If it stays flat then I'll probably be picking up some more shares unless there's other opportunities that are more appealing.
Read more »
- U.s. Beverage Valuation Wrap Up
Throughout February we had fourth quarter and full year earnings releases from the three major players in the non-alcoholic beverage industry. As the new data points rolled in I figured it was time to update the valuations on the Coca-Cola Company (KO),...
- Recent Buy
After adding to my Target position, I also initiated a new position in Phillip Morris (PM) this morning by picking up 25 shares at $84.43 each. If I was able to be near my computer at the open this morning I would have been able to get the shares a...
- Recent Buy
Yesterday morning I put in a limit order to pick up 34 more shares of Kinder Morgan, Inc (KMI) at a price of $33.35. It would have triggered early in trading but I didn't put in the order until later in the morning after the price had already recovered....
- Recent Transaction
This is going in the Recent Buy section even though I didn't buy anything. I sold a put contract for Intel today expiring July 20, 2012. The strike price is for $25 and I sold it for $0.53 per share or $53. By selling this put contract I was able...
- The Intelligent Investor
I've started reading Benjamin Graham's book "The Intelligent Investor" and have been amazed by some of the insights that he had. I'll be starting a new series referencing Mr. Graham and help to share and reinforce his knowledge to everyone...