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Strategies & Market Trends : Young and Older Folk Portfolio

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peterad

red cardinal

To: chowder who wrote (989)	6/23/2022 6:28:51 PM
From: chowder	2 Recommendations Read Replies (1) of 21904

Re: Middle Age Portfolio ... New Purchase. Today I started a small position in TGT which I plan on building over the next couple of months. The yield for TGT has risen to 3.07% and their latest dividend increase was 20%. This makes TGT a good dividend growth option if the valuation is acceptable. When I look at the intrinsic value for TGT, I see where the "Worst Case" scenario has fair value at $155.01. Morningstar has fair value at $171. CFRA has fair value at $141.92. FAST Graphs also shows TGT selling at a discount to fair value based on PE levels. The historical PE is 16.77 and the current blended PE is 12.11. I had consensus from all four sources that TGT was an acceptable buy based on valuation. In premarket I placed an order "at the open" and got the opening price of $141.82. The price closed at $146.81. The short term supply issues and excess inventory are temporary in my opinion and I think TGT will be in good shape for 2023, thus the reason for starting and building a position now.

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