In January 2015 I did my analysis of Wal-Mart. Back then WMT passed 7 out of 10 from the Pollie-code. In July I did the analysis again and WMT passed 10 out of 10. On the basis of this analysis I bought 21 shares of WMT back then in July.
Since then WMT dropped in price. The stock is down more than 17% YTD. At this moment WMT is attractively priced with a P/E of 12.27. That’s significantly lower than the broader market. All in all I think now’s a pretty good time to add to my existing position and averaging down.
Today (October, 23th) I bought 24 shares of WMT at $59.30 per share (incl. fees). For more information and my analysis on WMT just read my analysis here.
With this buy, I do not add some passive income to my Vrijheid Fonds for this year. The projected dividend income for 2016 for this purchase of WMT is € 40.
I’m not the only one who is buying WMT. Some fellow DGI’s also bought WMT lately.
Again a small step in my journey. And one-step closer to my goal.
Has anyone else invested in this company recently? Any feedback is greatly appreciated!