Today I added several purchases from my cash positions. I want to deploy capital gradually even though the market is quite expensive in high quality companies since I am not confident in predicting market tops or bottoms. These purchases will help improve my income in the 1/4/7/10 and 2/5/8/11 months.
PG, T, KO are the heavy dividend payers here.
ADP and ABT have moderate yields
NKE is a very low yield stock but it has strong growth and I am liking the price of this high quality company as it continues to fall.
I consider Nike the highest quality consumer discretionary company. They have a credit rating of AA- from S&P, a very low 14% debt/cap, consistent earnings and dividend growth, Value Line financial strength of A++ (highest) and a Value Line safety of 1 (highest). I consider NKE to be fair value at $50-52 but want to build the position slowly as it falls further.
Nice buys, Young Dividend! I own all but NKE and ADP in my portfolio. NKE is attractive, despite the low yield. I think I may follow your example! Take care!
ReplyDeleteWow! Some nice guys there and a lot of money put to work. Well done, solid companies.
ReplyDelete-Adam