With the market down again today (=~200 Dow points), I make the following small adds to positions held.
SKT: Tanger Factory Outlet. 22 consecutive years of increasing dividends. 41st consecutive quarter of "same center net operating income growth". Might be safe enough for parking some cash. OTOH, if they ever miss a quarter on growth or a year on dividend increases, the dividend/growth players might exit en masse.
BRX: I continue to add.
CPSS. I continue to add as stock continues to fall.
GOV. I continue to add. It should be a relatively simple business: making a profit leasing buildings to fed and state governments. With continual stock drop, it now has a pretty decent distribution yield. However there apparently are great questions regarding the acumen of management and their interests vs. those of minority stockholders. Apparently nothing any outsider can do about very intrenched management (avoid the stock). I'll bet (very small) that in spite of management, maybe the dividend holds and maybe the stock is near a bottom with this dividend yield now over 8%.
GM. Looks like GM is putting up a goodly amount of dollars ($5.4B) to expand US operations. I'll hold a few more shares and bet along with Mr. Buffett, that the company's size and resources will eventually result in increased stock price. It's not been a good day for auto manufacturer or auto retailer stocks.
DFS. I don't know anybody who uses a Discovery card. Apparently though there are many. I've felt the company really can't compete with Visa/Mastercharge. However, when I look at DFS numbers, it has revenue growth, good profit margins, good roe. Does stock buybacks and dividend increases. I'll start a tracking position here.
SEB. Add to position. Perhaps more GAARP than value.
TARO. Add to position. High profit margin keeps me interested. With cash and not much ltd, company has wherewithall to make accretive acquisitions.
MN. Add to small position.
These are all small adds to small positions.
finance.yahoo.com |
