Thursday, September 1, 2016

First September Buy --- FLO





Today I initiated a small position in FLO.


  • FLO:  120 shares @ $14.62   Yield  4.38%

Total capital invested is $1760.93 and will add $76.80 to my yearly dividends.

If FLO drops below $14, I will most likely double down on the position. 

I have been watching HRB closely as well and it is drifting near its 52 week lows. The yield has now reached 4%. People will always pay taxes and the tax code will always be confusing to most, so I think HRB will weather their temporary operational storm.

Forward dividends are around $3600.

DEFY MEDIOCRITY







16 comments:

  1. Nice purchase. FLO seems to be a favorite among the DGI group. I might pick some up myself if the market swings down a bit.

    Keep up the great work

    ReplyDelete
    Replies
    1. Divi Cents,

      Yeah I first heard about the company a few months ago when Jason Fieber started buying shares. Good luck with your purchase!

      MDP

      Delete
  2. It's an interesting purchase, which has been very popular as of recently.
    If I had more fresh capital, I would have pulled the trigger myself as well.

    Thanks for sharing!

    ReplyDelete
    Replies
    1. DfS,

      Thanks for stopping by! It has been surprisingly popular recently. I think Jason Fieber brought the company to a lot of peoples attention. I hope it ends up being a good purchase! The capital will come for you soon enough.

      MDP

      Delete
  3. Congrats on the buy MDP, FLO seems to be appearing in many buy articles at the moment it seems. I hope it's a good long term buy for you!

    Tristan

    ReplyDelete
    Replies
    1. Tristan,

      I hope it is too! The businesses are simple in nature. Ultimately execution and customer loyalty determine long term success.

      MDP

      Delete
  4. Grats on the buy if it drops more just means more of a bargain.

    ReplyDelete
    Replies
    1. Dividendsandhobbies,

      Absolutely. I was hoping it would get to a 5% yield, but I jumped in yesterday on another drop. It may get to 5% soon and I would gladly buy more shares.

      MDP

      Delete
  5. Nice buy. I've had lots of success buying shares of companies during 'bad times'. I had a limit order for 100 more FLO but it didn't go through. I'll probably put in another limit order tomorrow.

    ReplyDelete
    Replies
    1. ADY,

      I would definitely say times are bad for FLO. A food company losing 50% of its value during the last year is very uncommon if not existent at all.

      Good luck with your buy!

      MDP

      Delete
  6. MDP,

    Nice pick up. Hard not to buy at these prices, very hard. I have to do another run through of their F/s and recent articles to make a decision. Congrats!

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      I started with a small position for the same reason. The fact that a food company has lost so much value during the last year is somewhat concerning. Hopefully it's just a really good buying opportunity! Time will tell.

      MDP

      Delete
  7. Nice buy! I've seen several bloggers by FLO lately. Looks like a bargain! Right now, I'm not really looking to buy new stocks, and if I do, I prefer to pick up stocks I can target for option trading.

    All the best!
    FerdiS

    ReplyDelete
    Replies
    1. FerdiS,

      I probably won't add too many more new names either. I want to focus on building up positions and do a few covered calls as well.

      MDP

      Delete
  8. Wow... FLO has really been the go to stock in recent weeks. I still cannot believe how many of our fellow bloggers are buying into this name. From the basic numbers of value, yield and payout ratios it looks attractive. Thanks for sharing.

    ReplyDelete
    Replies
    1. DivHut,

      Absolutely! I had never heard of it before until Jason Fieber mentioned it a few months back. Hopefully this will be a good long term holding. I know that recent dietary trends have steered people away from bread, but at the end of the day it is a cheap source of food. Cheap food will always have a place in the market.

      MDP

      Delete