Today I added to my KHC position
- KHC: 40 shares @ $41.69 --- Yield 6.00%
Total capital invested is $1667.60 and will increase my yearly dividends by $100.
Wow the yields on food companies is starting to rival energy companies and REITs. I was looking closely at CAG and GIS as well. I currently have shares of GIS, but not with CAG. I decided to stick with Warren Buffett on this purchase.
There were some crazy deals earlier today with IBM right at 6% and the continued tobacco carnage. A name that I haven't added to for a while is SO. It's close to 6% right now so is becoming very interesting.
Hard to believe KHC's market valuation reflects a 6% yield, great buy!ReplyDelete
I can't remember it being this high ever. Glad I grabbed a few shares.
You made quite some christmas shopping :). Somehow I like your buy, but for me I am not fully convinced by KHC. But I need to have a deeper look at it.ReplyDelete
KHC is a project kind of like IBM. Plenty of resources and brainpower, just have to execute and identify the marketplace better.
A great brand company offering a huge yield. Hopefully they make a nice acquisition to diversify a little more. That being said, I still buy a bunch of their products.
Packaged food and cheese are definitely not the most exciting products, but there are still a lot of lower income families who need affordable dinners. I think Buffett will successfully guide this company to success.
Yields are getting juicy we will see how the market reacts and some of these will hopefully pay lots of dividends lol. Nice buyReplyDelete
The juicier the better. If the market acts like it has during the past decade, this pullback will be short-lived. I'm hoping for a sideways/lower market as I keep adding!