This week, I learned a valuable investing lesson that caused me to miss a great opportunity in the market. Luckily, this lesson did not result in a realized loss like lessons in the past, so I can’t complain too much. However, I did miss a golden opportunity to capitalize on Mr. Market taking a crazy turn (even more so than a few months ago). What lesson did I learn and how will I apply it going forward?
Tag Archives: EMR
Recent Buy
Last weekend, Lanny and I put together a watch list and man was I determined to purchase one of the two stocks I was watching. I know I couldn’t have gone wrong picking either of the stocks; however, I only had enough capital to purchase one. Which stock was it? Let’s take a look and find out.
Dividend Diplomats August Watch List
It’s already mid-August and us Diplomats haven’t came out with our watch list yet. The market has been a rollercoaster ride, to which I hope everyone this summer has had some sort of an amusement happen, gone to a theme park, taken a day or so off to take it all in. Well, we were back to the lab and doing research on finding what stocks we are looking at. Enough with it – lets see what is on our August watch list!
Lanny’s Recent Purchase – EMR
Well.. the market keeps saying- buy me, buy me, and there are opportune stocks everywhere at the moment, in my book. I took advantage of a recent price slide on a stock that many have been purchasing over the last month, including the one and only – Bert. I took a page out of his book and couldn’t be more thankful that he founded them in his screener and made my life a little easier. Thanks again Bert for doing that, I appreciate it. I had capital that finally was able to transfer over, now let’s see who, how much and why I bought this stock.
Bert’s July Dividend Income Summary
Man, talk about tough acts to follow. Lanny had one heck month hauling in a crazy $740 in dividend income during this “off” month. Congrats on the great month Lanny! With figures like that, I am setting myself up for yet another defeat in July, which makes perfect sense considering his portfolio is nearly triple the size of mine. However, I have one glimmer of hope this month that can catapult me to fictitious victory over Lanny. What is it? I own more shares of Kraft than Lanny. The question is, will this one-time special dividend be enough to push my dividend income for the month over $740. Let’s find out!
Recent Buy – Emerson Electric (EMR)
I have been compiling some cash recently and had enough to establish a great entry-level position in a company. Over the last few months, there have been many events impacting the market and pushing the price of some great companies lower and lower. So I wanted to make this purchase count and pick up a rock-solid dividend paying stock, one that I now think should be included on Lanny’s infamous foundation stock listing. Unfortunately, the title gave it away. See why I decided to invest in Emerson Electric this week.
Emerson Electric (EMR) Stock Analysis
What a month it has been for the market and it seems like every day there was a development that caused the stock market to toss and turn. Heck, the turbulent market allowed the two of us to purchase shares of Norfolk Southern Corporation and Lanny to continue to decrease his average cost basis per share in Canadian Imperial. The buying hasn’t stopped with us, as many other dividend growth investors in the community have purchased some solid companies as well. Through all of this, one Dividend Aristocrat’s stock price continues to fall (Down 13.4% YTD!) and pop up on my personal stock screener. So I thought “why not analyze the company to see if I should use my excess capital to purchase shares?” Now, it is time to put Emerson Electric (EMR) through the Dividend Diplomats’ Stock Screener!