Wednesday, May 17, 2017

Recent Buy --- GWW


Today I initiated a position in GWW.


  • GWW:  10 shares @ $174.96 --- Yield  2.92%

Total capital invested is $1756.50 and will add $51.50 to my yearly dividends.

GWW has taken a beaten in recent months falling almost $100 a share. Like M, KSS, TGT, and many other retailers, Amazon has been looking over their shoulder. It's tough in retail right now. Amazon can't sell everything to everyone, can it??

At close to 3% the yield is appealing and should be easily covered going forward. I'll likely add more shares around the $150 range if it falls that far.

Forward dividends are $9450.00

DEFY MEDIOCRITY

13 comments:

  1. Nice buy I've been watching this one drop for a few months getting ready to add this to my portfolio. I think GWW is safer from Amazon like HD it's nice to see an almost 3% yield very tempting. P.s love following your buys always a nice motivation watching your journey climb higher.

    ReplyDelete
    Replies
    1. Kiel kenny,

      Thanks so much for compliment. I'm trying my best to build the passive income stream. I'll keep carrying the torch!

      MDP

      Delete
  2. Great pick-up. I'm watching this stock right now. I'm thinking of selling a put to see if I can grab some on the cheap.

    ReplyDelete
    Replies
    1. IH,

      Sounds like a good idea!! I hope to grab more shares if there is continued weakness.

      MDP

      Delete
  3. I have M, which was bought at a relatively high price. Very headache about it. Should I keep the shares? Retails are really weak indeed.

    ReplyDelete
    Replies
    1. MU,

      I know the feeling about M. I bought at 30 and again in the high 20s. Last December it surged to over $40, now it looks like it's heading to $10. It's a roller coaster for sure.

      MDP

      Delete
  4. While Amazon has taken some market shares away I don't think it can last forever. Some people like me like to go down to the store and purchase something on site which with Amazon takes a minimum of a at least a day to get to you unless you go the cheap route.
    So long term this looks like a good buy. Keep it up.

    ReplyDelete
    Replies
    1. D&h,

      It's almost like everyone believes that everyone will stay home and order everything on Amazon and never buy from anyone else. That's never going to happen!

      MDP

      Delete
  5. Like this buy too. I just picked some up as well and will post soon. GWW is trading near historic high yields. Seeing GWW near 3% is like HRL around 2%. Some good names out there.

    ReplyDelete
    Replies
    1. DivHut,

      I love the fact that there are always value out in the market place. GWW should be ok and is at a very deep value level. May hang around hear for a while, but that's a good thing for accumulators.

      MDP

      Delete
  6. MDP -

    You sly son of a gun. Picked some up on Tuesday, and looks like I should have waited... more may be in my future haha.

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      Crazy markets right now!! Early 2016 industrials were laid to waste, this year industrials are surging and anything retail not named Amazon is rolling over hard.

      MDP

      Delete
  7. MDP,

    I agree with your logic, good buy. Its one that I am going to keep an eye on. Sad to hear about the pictures, getting accused of faking investments... Yeah, ok. Keep doing your thing MDP!

    - Gremlin

    ReplyDelete