Recent gyrations in the market have caused more than one investor some heartburn. Each day I hear disgruntled comments due to losses and see many people looking for an out. "The fact is people are scared and the only thing they're doing is selling," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. "Investors are cleaning out portfolios and getting rid of everything because nothing seems to be working."(a) As a dividend and value investor, these are the times we live for - value priced stocks and golden dividends.
Below are four stocks that recently dipped below my target buy prices (before adding any quality premiums; yields, closing prices and, NPV MMA Diff. are as of 10/06/2008):
Sysco Corp (SYY) - 2.96% yield
Buy Below: $32.62
10/06 Close: $29.41
NPV MMA Diff: $21,180
I last discussed SYY on August 28, 2008 when it's yield was 2.79%.
Eli Lilly and Co (LLY) - 4.55% yield
Buy Below: $42.97
10/06 Close: $38.42
NPV MMA Diff: $6,922
When I last discussed LLY on September 23, 2008, it was trading at $46.69 with a $45.12 buy below price (including a 5% quality premium).
PepsiCo, Inc. (PEP) - 2.46% yield
Buy Below: $70.61
10/06 Close: $66.64
NPV MMA Diff: $5,155
PEP was last reviewed on May 24, 2008 and was trading at $68.26 at that time.
Johnson & Johnson (JNJ) - 2.78% yield
Buy Below: $67.70
10/06 Close: $64.50
NPV MMA Diff: $3,766
I last discussed JNJ on August 28, 2008 when it's yield was 2.60%.
Fear, panic and market meltdowns are good for the long-term investor. It provides the perfect circumstances for us to purchase shares in quality companies at discounted prices - if we are willing to seize the opportunity.
As always, you should do your own research and reach your own conclusion before buying or selling any security.
Disclosure: Long in SYY, LLY, PEP and JNJ
Popular Posts - Last 7 days
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
Linked here is a detailed quantitative analysis of Omega Healthcare Investors, Inc. (OHI). Below are some highlights from the above linked ...
I have stated many times that my goal is to create an ever growing income stream from dividend growth stocks . Secondarily, it is my desire...
Each Sunday I highlight any notable articles that I came across over the past week. Though I may not always agree with each of the articles ...
Linked here is a detailed quantitative analysis of Abbvie Inc. (ABBV). Below are some highlights from the above linked analysis: Company ...
I am a firm believer that asset allocation plays a significant part in a portfolio's long-term results. In the past, I was asked if you...
With the threat of higher interest rates, which could potentially slow the economy, it might be a good time to think about international div...
Linked here is a detailed quantitative analysis of Verizon Communications Inc. (VZ). Below are some highlights from the above linked analys...
Linked here is a detailed quantitative analysis of AT&T Inc. (T). Below are some highlights from the above linked analysis: Company D...
Payback is the amount of time needed for an investment to earn its cost, undiscounted. Though not very sophisticated, payback can still hel...