Tuesday, August 23, 2016

Stock buy! FLO

Havent bought any stocks for almost 2 months now as everything is so expensive for my liking. Until I noticed that one stock from my watchlist has dropped its price quite nicely. I got myself 200 shares of FLO at the price of 15.22 USD per share. This buy adds 128 USD to my annual dividend income.

I think its a nice buy as FLO is a dividend contender that has paid and raised its dividend for 15 years straight! It produces different bread products and supplies them in most of the US states. It still has a lot of room to expand there which mean a very good growth potential. The company is strongly undervalued at the moment and I personally think that the price will bounce to around 20-25 USD per share in just a few months.

It feels so nice to buy stocks again and increase my monthly passive income :)
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6 comments:

  1. The Dividend MogulAugust 23, 2016 at 7:18 PM

    I initiated this position recently as well! Solid Company!

    -TDM

    ReplyDelete
    Replies
    1. dividendstrainerAugust 30, 2016 at 2:53 AM

      It seems like it! And it has a very good growth potential.

      Thanks!
      DT

      Delete
  2. A Frugal Family's JourneyAugust 27, 2016 at 9:47 AM

    VERY popular stock among DGI investors lately! There is certainly a nice risk/reward ratio here. We like the long-term prospect of FLO...it's even better when you can collection a decent dividend while you wait for the stock price to recover. We haven't initiated a buy yet but FLO is high on our watch list.

    Thanks for sharing, Best wishes and continued success on your personal finance journey! AFFJ

    ReplyDelete
    Replies
    1. dividendstrainerAugust 30, 2016 at 2:52 AM

      Yeah when a great stock has a great price it will be noticed by many!

      Thanks!
      DT

      Delete
  3. DividendsandhobbiesAugust 29, 2016 at 12:56 PM

    I bought some last week if it goes down more I will figure out a way to buy more.

    ReplyDelete
    Replies
    1. dividendstrainerAugust 30, 2016 at 2:51 AM

      Nice! I think we already got in on a very good price :)

      Delete

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