You have to admire Sainsbury’s for refusing to take your competition and Markets Authority’s (CMA) negative response to its £14billion merger with Walmart-owned Asda lying down. The grocer won a moral victory on the CMA in the courts when it disputed the timetable for the scrutiny of the deal this season. Now Sainsbury’s is limbering up for a battle over alleged mistakes in the CMA’s evaluation. It says the CMA double-counted Asda’s convenience stores because it mistakenly categorized home shops as food retailers. It also argues that the goalposts were moved by the CMA by changing the threshold for competition concerns in local areas.
However, I’ll likely cap my REIT exposure at a combined weight of no more than 10% of my stock portfolio. I’m investing rollover money quicker than I expected, but I’m pleased to do so easily can find stocks trading at attractive valuations. Posted by Dividend Growth Machine at 6:29 PM 16 feedback: Email ThisBlogThis!
For my first purchase today I bought shares of HCP, Inc. (HCP), a big and varied health care REIT. I provided some information about HCP in an article on Seeking Alpha while I started my position in August. The continuing decline in the stock price (HCP now has a P/FFO below 13) motivated me to average down by increasing my position. 84.00 to my annual dividend income. This purchase was made in my Roth IRA using rollover money. Posted by Dividend Growth Machine at 6:29 PM 6 feedback: Email ThisBlogThis!
Having already made two buys for my Roth IRA in November, This month I did so not anticipate buying anything else. However, Mr. This morning with an opportunity that I decided to join the Market came knocking on my door. Today I purchased shares of Target Corporation (TGT), operator of over 1,800 shops selling general merchandise in the United States, and now Canada. The target can be regarded as a far more upscale version of its largest competition generally, Wal-Mart Stores (WMT). Target has achieved reasonable operating results within the last several years, with 5-season growth rates of 3.0% for revenue and 6.3% for earnings.
Recent growth has been slowed by Target’s growth into Canada, where they have encountered some complications, but I believe the business will get over these short-term growing pains within a year or two. Target has an impressive dividend growth record. The business is a Dividend Champion, having increased its dividend for 46 consecutive years. I believe TGT is slightly undervalued to pretty appreciated at the current price.
It has a P/E of 15.3 (vs. P/S of 0.6 (vs. P/B of 2.5 (vs. Note that these numbers never have been updated to reflect the results reported by the company previously today. 64.00 and a 3-superstar rating. 73.20 and a 4-celebrity rating. 69.09, which suggests an 8% margin of security at my price, hence my summary that the stock is undervalued to fairly appreciated somewhat.
- SIA ( since 2009 )
- Copenhagen Airport A/S
- 2 years ago from usa
- Sell your Stuff
- The longer the life span of the investment: (Points: 5)
Today the stock price lowered 3.5% because the business missed income and revenue estimations for the latest one-fourth, but as noted above, I treat this as a short-term weakness. Value Line’s analyst desires cash flow to “ramp up at a good pace” starting in fiscal 2014 and S&P Capital IQ sees above-average growth from fiscal 2015 onward.
63.70 per talk about (no fee paid credited to a free of charge trade — my last one), providing me a 2.70% yield on cost. 51.60 to my annual dividend income. The stock proceeded to go ex-dividend a couple of days back, so I shall not receive the next dividend payment. However, my lower cost basis due to today’s price dip is the same as about 6.5 quarterly dividend obligations, which more than compensates for the overlooked payment.
This purchase was manufactured in my Roth IRA using rollover money. Target becomes the 33rd stock in my own portfolio and gives me more diversification in the retail sector, where it is equal-weight with my WMT position around. I am tempted to say that I am done buying stocks for the month, but Mr. Market could amaze me again.