Wednesday, May 18, 2016

Recent Buy --- TGT






Today I add shares of Target to my portfolio.


  • TGT:  40 shares @ $66.81 --- Yield  3.35%

Total capital invested is $2679.31 and my yearly dividends will increase by $89.60. 

Target is dealing with all kinds of "shit storms" right now....tough retail environment, Amazon, and fucked up trans-gender issues. The last of these almost made me opt for WMT or KSS instead. Anyway, hopefully TGT will come out of this much like they did after the security breach problems a couple of years ago. I'll likely add more shares if we drop down into the $50s.

DEFY MEDIOCRITY

17 comments:

  1. MDP,
    I just bought 40 shares of target. Will add more if it drops to the 50s.
    D4s

    ReplyDelete
    Replies
    1. D4s,

      Are you stalking me? :-) If so, good move! LOL I obviously love and approve the bold move.

      We are on the same page....be greedy when others are fearful!

      MDP

      Delete
  2. I am sure you aren't alone on this one. Target doesn't fit my bill, but I thought about buying as a swing trade. Good company in a bad sector.....but the retail pessimism has gotten a little silly.
    -Bryan

    ReplyDelete
    Replies
    1. IS,

      Retail is experiencing some turmoil right. That a good buying time in my opinion. It may stay rough for a couple more quarters so there should be continued opportunities throughout the year.

      MDP

      Delete
  3. Solid buy man. Glad to see you're getting busier on the buy front again. :)

    ReplyDelete
    Replies
    1. Tawcan,

      Thanks, man! I am enjoying the choppy markets right now as I am sure you are too!

      MDP

      Delete
  4. Nice buy here on the drop post earnings. It'll be interesting how WMT does tomorrow as well.

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    Replies
    1. Captain,

      Thanks and it looks like Walmart is jumping big time! I should have jumped in there in the low 60s yesterday. Oh well. I'll patiently wait for it to drift back down.

      MDP

      Delete
  5. I was not aware of the transgender issue... thanks for sharing. WMT would have been a good buy yesterday, seeing how the share price is popping today!

    ReplyDelete
    Replies
    1. FerdiS,

      Walmart and Cisco are definitely the bright spots in an otherwise rough looking market. I may pick up some shares today. There are some pretty decent looking buys out there!

      MDP

      Delete
  6. Keep it up MDP. Back in Action! Thanks for sharing and it's awesome to see posts from you. Cheers bud.

    ReplyDelete
    Replies
    1. Hustler,

      Thanks, my friend! It feel good to get back into the investing pool. I'll have a hard time getting out again. :-)

      MDP

      Delete
  7. Congrats on the buy. The cashflow will be good, and I'm sure you'll get a dividend for a long time, I'm not sure there will ever be much growth though..

    Tristan

    ReplyDelete
    Replies
    1. Tristan,

      It's really hard to say what happened. Surprising after the security breach a couple years ago, Target gave like a 20% dividend raise a few months later. I would hope until the retail environment improves they stay conservative.

      MDP

      Delete
  8. MDP,

    PUMPED you making massive moves. Love that you were able to take advantage of these big dips. NICE work.

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      Yeah I'm glad to see TGT back down in the 60s again. The yield and price are pretty attractive here in my opinion.

      MDP

      Delete
  9. Just picked up TGT too but living in a much smaller capital world than you (only picked up $500 worth - 8 shares). I doubt in 5 or 10 years you'll be upset you own/owned the stock and that seems like a good starting point.

    ReplyDelete