- Joined
- Feb 19, 2021
- Messages
- 3,551
I like it. 3% div yield right now. I’m a fan of buying boring stocks like these and just holding long term. I’ve built some solid positions in XOM and T. In a world of meme stocks, the big boys will be left standing when shit hits the fan. Even if the big boys pull back, I’ll keep collecting my dividends until we bounce back.I just follow KO because my wife will inherit KO stock that has been in her family since 1976. My recommendation of KO comes mostly because I feel like the stock is undervalued as compared to the SnP 500.
Over the last year KO is up 18% while the SPY was up 40%. Several reasons for this, many related to COvid and no games / concerts etc. With vaccine out and world opening back up I would expect KO to start performing better.
Any holding is relative. Im not suggesting it should be anyones only holding, but if you think the market as a whole is overvalued then KO may not be a bad play. I happen to think the market is overvalued. If the market pulls back, hoping KO wont pull back as much. At same time room for upside if world opens back up.