Tuesday, May 17, 2016

Recent Buy --- ABT






Today I initiated a position in Abbott Labs.


  • ABT:  100 shares @ $37.59 --- Yield  2.77%

Total capital invested is $3765.94 and this purchase will add $104 to my yearly dividends. It's been another crazy day in the markets today with the Dow dropping 200 points so far. It seems like these 200 point swings have been happening every day recently. UNP and PG were on my radar today, but I opted for ABT instead as it's seem more "beaten down" at the moment. 

DEFY MEDIOCRITY

6 comments:

  1. Nice buy with Abbott. It feels like the S&P wants to go lower, and i know you and I both hope it does :) Be careful with Procter & Gamble though, that one scares the hell out of me.
    -Bryan

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    1. Bryan,

      I hear you with PG. I first bought shares in 2013 for about $80. Here we are 3 years later and it's still $80. The PE appear high and the dividend increases have been weak the last 2 years. I still think this company with all its amazing brands will turn things around. If it does, next stop $100.

      MDP

      Delete
  2. MDP,
    I like the buy! I just bought some recently. I think we can buy more when this company reaches the low 30s.
    D4s

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    1. D4s,

      Yes yes yes! I hope it does. Earlier this year it reached $37 and went up like a rocket ship to the mid $40s. If it goes up again I'll sit tight and if the lows $30 happens I'll gladly buy more.

      MDP

      Delete
  3. Been adding to my position all this month. All in on ABT

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    Replies
    1. Kenny,

      Congrats on being a fellow shareholder. Let's hope prices stay at depressed levels for a while longer so we can continue adding more shares.

      MDP

      Delete