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Non-Tech : DRIPs -- Dividend reinvestment plans
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To: Rick Kunz who wrote (92)1/13/1997 11:37:00 PM
From: Paul Weiss   of 263
 
Rick-- One of my main strategies is to buy a stock at a time when no one likes 'em. Honest, I really do this. There's a Wall Street term for this... I belive it's called 'buy low, sell high'. Okay, so it isn't stylish like momentum investing, but it makes sense to me. As an example, I bought Fleming Cos. (FLM) this morning. The company has a DRIP, and I haven't decided yet whether to enroll. The dividend was cut recently, so it yields a paltry 0.4%. That is a concern... I try to focus on high yield stocks for DRIPS. But, I rather expect them to increase the dividend to former levels eventually (legal problems have pressured the stock price, dividend). Note: FLM is a major food wholesaler (either the biggest or one of them); in the NW, they are known as IGA. Regards, Paul
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