Blood on the street. People running and screaming for shelter and the largest drop of WMT in a decade. Just another day on the market.
Wish I had held out for cheaper prices but I don't mind buying WMT at $61. I'll continue hoarding WMT until it reaches $63 which is my quick calculated fair value using the updated earnings and profits.
We buy stocks because they thrive during good times. EMR, CAT, DE, etc. We often neglect stocks that makes its stride during bad times; Dollar tree, Walmart, and Dollar General. While people freak out during the next recession/depression, I'll be sitting in my home collecting WMT dividends.
Seriously though. I wish dollar tree paid dividends. I basically lived off that store during college. 3 cups of noodles for a buck. frozen veggies combo pack + turkey "steaks" for Thanksgiving and tiramisu for when I finish finals. Everything for a freaking dollar and it taste exactly the same as name brands!
My forward dividends stand at $2096.65 + FCISX distributions. $4 more dollars till $2100 and I'm stilling waiting for the CORR and T dividend increase!