2011-08-02, 12:37 AM
10 years ago and the next several years after that it was valued to where I wouldn't want to own it for the reason of not being able to personally justify analysts' growth projections which gave it an average p/e of somewhere around 30. Now it is at 10 and its future doesn't look very gloomy to me, with an amazing balance sheet and dividend fundamentals that are very attractive. For me, I see it as a long term position not asking for much from the stock price if the current dividend growth trend continues. Given their cash flow, no debt, and ridiculous R&D budget, I like my odds and added to my position this morning.
2011-08-02, 07:54 AM
Futures down again today over concerns of the US economy slowing down and possibly going back into recession.
What is everyone watching or waiting for price wise?
I am waiting on some prices for CNR, BNS, (possible) CM and XIC so go down before buying
2011-08-02, 09:38 AM
Nothing overly excited, but bolstering my holdings of XDV this morning.
2011-08-02, 10:36 AM
2011-08-02, 12:19 PM
(in my best evangelical voice) Have I got a deal for you!
Originally Posted by ddkay
2011-08-03, 12:02 AM
Wondering if anyone buying real return bonds ETF, like XRB or ZRR? They are very strong at current times....
2011-08-03, 09:57 AM
SVM today $10.07 up 5% at 10am
2011-08-03, 10:46 AM
Just bought a good chunk of Royal Bank for $49.14. Almost at 52 week lows and with a decent dividend its tough to go wrong. I sold the same shares at $53.05 in late July.
Last edited by Ihatetaxes; 2011-08-03 at 11:22 AM.
2011-08-03, 11:32 AM
Bought Bernanke and myself some drinks
2011-08-03, 11:48 AM
I bet Bernanke feels like doing that this week. He's really between a rock and a hard place.